Marino Stram & Associates LLC Has $1.16 Million Position in Philip Morris International Inc. (NYSE:PM)

Marino Stram & Associates LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 2.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,769 shares of the company’s stock after selling 305 shares during the quarter. Marino Stram & Associates LLC’s holdings in Philip Morris International were worth $1,162,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tcwp LLC acquired a new position in shares of Philip Morris International in the 1st quarter worth approximately $26,000. Bivin & Associates Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth $27,000. Sandy Cove Advisors LLC purchased a new position in shares of Philip Morris International in the 1st quarter worth about $28,000. American National Bank boosted its holdings in shares of Philip Morris International by 89.1% in the 1st quarter. American National Bank now owns 312 shares of the company’s stock worth $29,000 after buying an additional 147 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in shares of Philip Morris International in the 1st quarter worth about $33,000. 76.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PM. Jefferies Financial Group lowered their price target on shares of Philip Morris International from $107.00 to $99.00 in a report on Tuesday, July 19th. upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $109.13.

Philip Morris International Stock Down 0.7 %

PM stock opened at $95.79 on Friday. The firm’s fifty day simple moving average is $96.48 and its two-hundred day simple moving average is $98.36. The stock has a market capitalization of $148.49 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 3.72 and a beta of 0.62. Philip Morris International Inc. has a twelve month low of $85.64 and a twelve month high of $112.48.

Philip Morris International (NYSE:PMGet Rating) last issued its earnings results on Thursday, July 21st. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.24. Philip Morris International had a net margin of 11.05% and a negative return on equity of 115.36%. The company had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $6.76 billion. During the same period in the prior year, the business earned $1.57 EPS. The firm’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect that Philip Morris International Inc. will post 5.99 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Wednesday, September 28th will be given a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 5.30%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Tuesday, September 27th. Philip Morris International’s dividend payout ratio is presently 85.91%.

About Philip Morris International

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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 that are sold in markets outside the United States.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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