Stokes Family Office LLC Boosts Holdings in Philip Morris International Inc. $PM

Stokes Family Office LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 28.4% during the second quarter, HoldingsChannel.com reports. The firm owned 41,035 shares of the company’s stock after acquiring an additional 9,072 shares during the quarter. Stokes Family Office LLC’s holdings in Philip Morris International were worth $7,474,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Linscomb Wealth Inc. raised its position in shares of Philip Morris International by 3.3% during the first quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock valued at $13,207,000 after buying an additional 2,669 shares during the last quarter. Mackenzie Financial Corp increased its position in Philip Morris International by 7.3% during the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company’s stock valued at $568,873,000 after acquiring an additional 242,799 shares during the last quarter. Cortland Associates Inc. MO boosted its holdings in Philip Morris International by 704.0% during the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company’s stock valued at $22,690,000 after acquiring an additional 125,171 shares during the period. First American Trust FSB lifted its holdings in Philip Morris International by 80.0% during the 1st quarter. First American Trust FSB now owns 56,382 shares of the company’s stock valued at $8,949,000 after buying an additional 25,063 shares in the last quarter. Finally, SpringVest Wealth Management LLC bought a new position in Philip Morris International during the 1st quarter worth about $253,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating on the stock. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Finally, Needham & Company LLC reissued a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. 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 data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.00.

Philip Morris International Stock Up 2.2%

Shares of NYSE:PM opened at $153.26 on Friday. The company has a 50-day moving average price of $158.30 and a 200 day moving average price of $168.34. The company has a market cap of $238.58 billion, a P/E ratio of 27.77, a PEG ratio of 2.17 and a beta of 0.43. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69.

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

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. 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. 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.