Beaumont Financial Advisors LLC Buys New Shares in Philip Morris International Inc. (NYSE:PM)

Beaumont Financial Advisors LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, HoldingsChannel reports. The fund purchased 19,539 shares of the company’s stock, valued at approximately $2,351,000.

Several other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after buying an additional 1,715 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Philip Morris International by 8.8% during 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 increased its holdings in shares of Philip Morris International by 24.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,846 shares of the company’s stock valued at $694,000 after purchasing an additional 1,333 shares in the last quarter. GCM Grosvenor Holdings LLC acquired a new position in shares of Philip Morris International in the 2nd quarter valued at $28,372,000. Finally, Mill Creek Capital Advisors LLC boosted its holdings in Philip Morris International by 4.7% during the second quarter. Mill Creek Capital Advisors LLC now owns 3,051 shares of the company’s stock worth $309,000 after buying an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.8 %

NYSE:PM opened at $123.78 on Wednesday. The company has a market cap of $192.46 billion, a price-to-earnings ratio of 19.65, a price-to-earnings-growth ratio of 1.99 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15. The company has a fifty day simple moving average of $125.44 and a two-hundred day simple moving average of $121.61.

Philip Morris International (NYSE:PM) last posted 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 company had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. During the same quarter last year, the company earned $1.67 EPS. Philip Morris International’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts expect that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.36%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Analysts Set New Price Targets

Several analysts recently issued reports on PM shares. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Citigroup raised their target price 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. The Goldman Sachs Group lifted their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

About Philip Morris International

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.