OmniStar Financial Group Inc. Has $1.78 Million Stock Position in Philip Morris International Inc. $PM

OmniStar Financial Group Inc. reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,770 shares of the company’s stock after selling 767 shares during the quarter. Philip Morris International comprises 1.3% of OmniStar Financial Group Inc.’s holdings, making the stock its 21st largest holding. OmniStar Financial Group Inc.’s holdings in Philip Morris International were worth $1,779,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of PM. Vanguard Group Inc. increased its stake in shares of Philip Morris International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock valued at $22,320,878,000 after acquiring an additional 1,189,283 shares in the last quarter. Geode Capital Management LLC grew its holdings in Philip Morris International by 1.8% in the second quarter. Geode Capital Management LLC now owns 37,181,107 shares of the company’s stock worth $6,760,346,000 after purchasing an additional 672,983 shares during the period. Wellington Management Group LLP increased its stake in Philip Morris International by 26.4% in the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after purchasing an additional 4,563,632 shares in the last quarter. WCM Investment Management LLC raised its holdings in shares of Philip Morris International by 24,968.0% during the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock valued at $2,041,223,000 after purchasing an additional 11,230,626 shares during the period. Finally, Nuveen LLC bought a new position in shares of Philip Morris International during the 1st quarter worth about $1,712,994,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. UBS Group decreased their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Finally, Stifel Nicolaus set a $180.00 target price on Philip Morris International in a report on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.00.

Philip Morris International Stock Performance

Shares of PM opened at $155.35 on Friday. The firm has a market capitalization of $241.83 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.25 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. The stock has a 50 day moving average price of $157.45 and a two-hundred day moving average price of $167.90.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The company had revenue of $8.12 billion for the quarter. On average, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. 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 3.8%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is presently 106.52%.

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.