TrueMark Investments LLC Acquires 4,303 Shares of Philip Morris International Inc. $PM

TrueMark Investments LLC increased its holdings in Philip Morris International Inc. (NYSE:PM) by 5.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,212 shares of the company’s stock after purchasing an additional 4,303 shares during the period. Philip Morris International makes up 2.2% of TrueMark Investments LLC’s portfolio, making the stock its 2nd biggest position. TrueMark Investments LLC’s holdings in Philip Morris International were worth $12,524,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PM. PFS Partners LLC raised its holdings in shares of Philip Morris International by 24.8% in the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after buying an additional 58 shares in the last quarter. Uncommon Cents Investing LLC grew its position in Philip Morris International by 1.1% in the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after acquiring an additional 61 shares during the period. Second Line Capital LLC grew its position in Philip Morris International by 4.8% in the second quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock valued at $245,000 after acquiring an additional 61 shares during the period. Meridian Wealth Partners LLC raised its stake in Philip Morris International by 3.1% during the second quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock worth $375,000 after acquiring an additional 62 shares in the last quarter. Finally, Bernardo Wealth Planning LLC lifted its holdings in shares of Philip Morris International by 1.8% during the second quarter. Bernardo Wealth Planning LLC now owns 3,584 shares of the company’s stock valued at $653,000 after acquiring an additional 62 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PM has been the topic of several analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research report on Tuesday, October 21st. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $220.00 to $180.00 in a report on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Finally, Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International Trading Up 1.8%

PM opened at $173.06 on Friday. Philip Morris International Inc. has a 1-year low of $125.53 and a 1-year high of $186.69. The stock has a market capitalization of $269.39 billion, a PE ratio of 31.35, a PEG ratio of 1.83 and a beta of 0.40. The firm has a 50-day moving average price of $159.22 and a two-hundred day moving average price of $161.60.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, October 24th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.10 by $0.14. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The business had revenue of $10.85 billion for the quarter, compared to analysts’ expectations of $10.67 billion. During the same period in the prior year, the firm earned $1.91 earnings per share. Philip Morris International’s revenue was up 9.4% compared to the same quarter last year. On average, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.