Vestmark Advisory Solutions Inc. Has $14.27 Million Stock Position in Philip Morris International Inc. $PM

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 78,329 shares of the company’s stock after selling 6,392 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Philip Morris International were worth $14,266,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares in the last quarter. Capstone Wealth Management Group LLC purchased a new stake in shares of Philip Morris International in the first quarter valued at about $238,000. Quotient Wealth Partners LLC increased its stake in Philip Morris International by 7.1% in the 1st quarter. Quotient Wealth Partners LLC now owns 4,441 shares of the company’s stock valued at $705,000 after buying an additional 295 shares during the last quarter. Finally, Ascent Capital Management LLC lifted its holdings in Philip Morris International by 3.9% during the first quarter. Ascent Capital Management LLC now owns 2,822 shares of the company’s stock worth $448,000 after acquiring an additional 107 shares during the period. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the topic of a number of research reports. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a report on Tuesday, October 21st. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Barclays decreased their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Finally, KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating on the stock. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

Philip Morris International Price Performance

Shares of NYSE PM opened at $151.14 on Friday. The stock has a market cap of $235.27 billion, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 2.15 and a beta of 0.43. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm has a 50-day moving average of $158.58 and a 200 day moving average of $168.41.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The company had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. Research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were given a $1.47 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.9%. Philip Morris International’s payout ratio is presently 106.52%.

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.