Ballentine Partners LLC Grows Position in Philip Morris International Inc. (NYSE:PM)

Ballentine Partners LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 11.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,068 shares of the company’s stock after purchasing an additional 1,702 shares during the quarter. Ballentine Partners LLC’s holdings in Philip Morris International were worth $2,054,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Philip Morris International by 24.5% in the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after purchasing an additional 1,715 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Philip Morris International by 8.8% in the 2nd quarter. ProShare Advisors LLC now owns 210,703 shares of the company’s stock worth $21,351,000 after purchasing an additional 17,094 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Philip Morris International by 24.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,846 shares of the company’s stock worth $694,000 after purchasing an additional 1,333 shares during the period. GCM Grosvenor Holdings LLC bought a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $28,372,000. Finally, Mill Creek Capital Advisors LLC lifted its stake in shares of Philip Morris International by 4.7% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 3,051 shares of the company’s stock worth $309,000 after acquiring an additional 136 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. UBS Group raised their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Barclays decreased their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Citigroup raised their price target on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, The Goldman Sachs Group raised their price target on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy 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 $131.35.

Philip Morris International Trading Up 1.8 %

Shares of NYSE:PM opened at $123.78 on Wednesday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The business’s fifty day simple moving average is $125.44 and its 200-day simple moving average is $121.61. The company has a market capitalization of $192.46 billion, a PE ratio of 19.65, a P/E/G ratio of 1.99 and a beta of 0.54.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. During the same period last year, the business posted $1.67 EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Research analysts predict that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.36%. Philip Morris International’s dividend payout ratio is presently 85.71%.

Philip Morris International 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.