Philip Morris International Inc. $PM Stake Lifted by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 238,469 shares of the company’s stock after acquiring an additional 2,448 shares during the quarter. ProShare Advisors LLC’s holdings in Philip Morris International were worth $45,505,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PM. Financial Network Wealth Advisors LLC lifted its stake in shares of Philip Morris International by 9.9% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $118,000 after purchasing an additional 56 shares during the period. Platt Wealth Management LLC increased its holdings in Philip Morris International by 2.1% in the second quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock valued at $512,000 after buying an additional 58 shares in the last quarter. Clearwater Capital Advisors LLC increased its holdings in Philip Morris International by 2.4% in the first quarter. Clearwater Capital Advisors LLC now owns 2,798 shares of the company’s stock valued at $463,000 after buying an additional 65 shares in the last quarter. Gamco Investors INC. ET AL increased its holdings in Philip Morris International by 0.7% in the first quarter. Gamco Investors INC. ET AL now owns 9,887 shares of the company’s stock valued at $1,635,000 after buying an additional 66 shares in the last quarter. Finally, Essential Partners LLC raised its position in shares of Philip Morris International by 3.9% in the first quarter. Essential Partners LLC now owns 1,742 shares of the company’s stock worth $288,000 after acquiring an additional 66 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

NYSE:PM opened at $208.72 on Monday. The company has a fifty day moving average of $194.20 and a two-hundred day moving average of $181.93. The stock has a market capitalization of $325.32 billion, a PE ratio of 30.47, a P/E/G ratio of 2.80 and a beta of 0.34. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $214.35.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, October 21st. The company reported $2.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.06. Philip Morris International had a net margin of 10.73% and a negative return on equity of 183.96%. The business had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $11.32 billion. During the same period last year, the firm posted $2.24 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that Philip Morris International Inc. will post 8.32 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Friday, October 2nd were given a dividend of $1.60 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. The ex-dividend date was Friday, October 2nd. This represents a $6.40 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s payout ratio is currently 93.43%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PM. Argus increased their target price on shares of Philip Morris International from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, October 26th. Barclays lifted their price target on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Citigroup upped their price target on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Stifel Nicolaus increased their price target on Philip Morris International from $195.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, July 23rd. Finally, UBS Group raised their price objective on Philip Morris International from $193.00 to $201.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $209.70.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.