Marino Stram & Associates LLC Raises Holdings in Philip Morris International Inc. (NYSE:PM)

Marino Stram & Associates LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,687 shares of the company’s stock after acquiring an additional 222 shares during the period. Marino Stram & Associates LLC’s holdings in Philip Morris International were worth $1,527,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. 49 Wealth Management LLC grew its stake in Philip Morris International by 3.6% during the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 84 shares during the last quarter. Woodmont Investment Counsel LLC grew its stake in Philip Morris International by 1.6% during the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after purchasing an additional 86 shares during the last quarter. YHB Investment Advisors Inc. grew its stake in Philip Morris International by 4.2% during the 3rd quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after purchasing an additional 87 shares during the last quarter. Cypress Wealth Services LLC grew its stake in Philip Morris International by 1.3% during the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after purchasing an additional 89 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. grew its stake in Philip Morris International by 1.1% during the 3rd quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company’s stock valued at $1,026,000 after purchasing an additional 89 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

NYSE:PM opened at $122.91 on Thursday. The company has a market capitalization of $191.11 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 2.03 and a beta of 0.54. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The stock has a 50-day simple moving average of $125.43 and a 200 day simple moving average of $121.76.

Philip Morris International (NYSE:PM) last issued its 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 analysts’ expectations of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Philip Morris International’s revenue was up 8.4% on a year-over-year basis. During the same quarter last year, the company posted $1.67 earnings per share. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.5 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. 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 payout ratio is 85.71%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PM shares. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Barclays lowered their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. UBS Group increased their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus reissued a “buy” rating and set a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.