McBroom & Associates LLC Acquires 1,189 Shares of Philip Morris International Inc. (NYSE:PM)

McBroom & Associates LLC raised its holdings in Philip Morris International Inc. (NYSE:PM) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,946 shares of the company’s stock after buying an additional 1,189 shares during the quarter. Philip Morris International comprises 0.5% of McBroom & Associates LLC’s investment portfolio, making the stock its 28th largest position. McBroom & Associates LLC’s holdings in Philip Morris International were worth $836,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. State Street Corp grew its position in shares of Philip Morris International by 0.4% in the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company’s stock worth $6,715,237,000 after buying an additional 224,840 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Philip Morris International by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock worth $3,886,818,000 after buying an additional 621,034 shares during the last quarter. FMR LLC grew its position in shares of Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after buying an additional 6,721,094 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Philip Morris International by 3.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company’s stock worth $1,560,752,000 after buying an additional 376,406 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Philip Morris International by 57.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after buying an additional 3,363,454 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on PM. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price for the company. Stifel Nicolaus raised their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday. Barclays lowered their target price 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. Finally, StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $134.35.

Philip Morris International Trading Up 1.5 %

Shares of NYSE:PM opened at $146.58 on Tuesday. The stock has a fifty day simple moving average of $125.66 and a two-hundred day simple moving average of $124.06. The stock has a market capitalization of $227.91 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $146.78.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 119.73%.

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.