Pitcairn Co. Has $4.09 Million Stake in Philip Morris International Inc. $PM

Pitcairn Co. reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 12.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 22,477 shares of the company’s stock after selling 3,277 shares during the quarter. Pitcairn Co.’s holdings in Philip Morris International were worth $4,094,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of PM. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International in the 2nd quarter valued at $25,000. Traub Capital Management LLC acquired a new position in shares of Philip Morris International during the second quarter valued at $25,000. Abound Wealth Management boosted its holdings in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International in the first quarter worth about $30,000. Finally, Briaud Financial Planning Inc raised its holdings in Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM opened at $153.49 on Friday. The firm’s fifty day moving average is $153.62 and its two-hundred day moving average is $165.26. The firm has a market cap of $238.93 billion, a PE ratio of 27.81, a price-to-earnings-growth ratio of 1.83 and a beta of 0.42. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The business had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. Equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio is 106.52%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a research note on Tuesday, October 21st. UBS Group reduced their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Barclays dropped their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Company Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.