Raleigh Capital Management Inc. Trims Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Raleigh Capital Management Inc. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 11.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,320 shares of the company’s stock after selling 2,686 shares during the quarter. Philip Morris International makes up 0.9% of Raleigh Capital Management Inc.’s investment portfolio, making the stock its 19th biggest position. Raleigh Capital Management Inc.’s holdings in Philip Morris International were worth $2,446,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. American Century Companies Inc. lifted its stake in Philip Morris International by 24.5% during the second 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 in the last quarter. Mill Creek Capital Advisors LLC boosted its holdings in 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 valued at $309,000 after acquiring an additional 136 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in Philip Morris International by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 297,348 shares of the company’s stock valued at $30,130,000 after acquiring an additional 111,378 shares in the last quarter. Fred Alger Management LLC increased its stake in Philip Morris International by 10.6% during the second quarter. Fred Alger Management LLC now owns 30,898 shares of the company’s stock worth $3,131,000 after purchasing an additional 2,955 shares during the period. Finally, Blankinship & Foster LLC acquired a new stake in shares of Philip Morris International during the second quarter worth about $202,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

NYSE PM opened at $122.91 on Thursday. The company has a fifty day moving average of $125.38 and a two-hundred day moving average of $121.77. The company has a market capitalization of $191.11 billion, a PE ratio of 19.51, a P/E/G ratio of 2.03 and a beta of 0.54. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $134.15.

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

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.39%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Citigroup raised their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Morgan Stanley started coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group boosted their target price on shares of 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 analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

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.