Philip Morris International Inc. $PM Stake Lifted by Vise Technologies Inc.

Vise Technologies Inc. lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 11.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,189 shares of the company’s stock after buying an additional 15,996 shares during the period. Vise Technologies Inc.’s holdings in Philip Morris International were worth $30,567,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in PM. Caitong International Asset Management Co. Ltd purchased a new stake in Philip Morris International during the second quarter worth approximately $29,000. Cedar Mountain Advisors LLC grew its stake in Philip Morris International by 60.2% in the 1st quarter. Cedar Mountain Advisors LLC now owns 189 shares of the company’s stock valued at $31,000 after buying an additional 71 shares during the last quarter. Wilkerson Advisory Group LLC grew its position in Philip Morris International by 109.2% in the 1st quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company’s stock worth $34,000 after purchasing an additional 107 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International in the 2nd quarter valued at $34,000. Finally, Kilter Group LLC bought a new stake in shares of Philip Morris International in the 2nd quarter worth about $35,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays raised their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a “buy” rating in a research report on Friday, July 24th. Weiss Ratings upgraded Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, October 8th. UBS Group upped their price target on shares of Philip Morris International from $193.00 to $201.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. Finally, Stifel Nicolaus increased their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $209.70.

Philip Morris International Price Performance

Philip Morris International stock opened at $208.72 on Friday. The business has a 50 day moving average of $194.20 and a 200-day moving average of $181.93. Philip Morris International Inc. has a 1 year low of $142.11 and a 1 year high of $214.35. The company has a market capitalization of $325.32 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.80 and a beta of 0.34.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, October 21st. The company reported $2.36 EPS for the quarter, topping 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 company earned $2.24 EPS. The firm’s revenue was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Philip Morris International Inc. will post 8.32 EPS for the current year.

Philip Morris International Increases Dividend

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

Philip Morris International 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.