Philip Morris International Inc. $PM Stock: Diversified Trust Co Grows Stake

Diversified Trust Co lifted its stake in Philip Morris International Inc. (NYSE:PM) by 7.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,334 shares of the company’s stock after acquiring an additional 4,364 shares during the period. Diversified Trust Co’s holdings in Philip Morris International were worth $12,467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new stake in Philip Morris International during the second quarter worth approximately $29,000. Financial Freedom LLC bought a new position in Philip Morris International during the 3rd quarter valued at $30,000. Wilkerson Advisory Group LLC boosted its stake in Philip Morris International by 109.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company’s stock valued at $34,000 after purchasing an additional 107 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the 2nd quarter valued at $34,000. Finally, Kilter Group LLC acquired a new position in shares of Philip Morris International during the 2nd quarter valued at $35,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on PM shares. Stifel Nicolaus boosted their price objective on Philip Morris International from $205.00 to $232.00 and gave the stock a “buy” rating in a research note on Tuesday, November 3rd. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a “buy” rating in a research note on Friday, July 24th. Needham & Company LLC raised their target price on Philip Morris International from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Citigroup lifted their target price on Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Morgan Stanley boosted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $213.90.

Philip Morris International Price Performance

PM stock opened at $198.82 on Friday. Philip Morris International Inc. has a 12 month low of $146.35 and a 12 month high of $214.35. The firm has a market cap of $309.89 billion, a PE ratio of 23.92, a P/E/G ratio of 2.64 and a beta of 0.34. The firm has a 50 day simple moving average of $196.34 and a 200 day simple moving average of $183.37.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, October 21st. The company reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.06. The firm had revenue of $11.44 billion for the quarter, compared to analyst estimates of $11.32 billion. Philip Morris International had a net margin of 10.73% and a negative return on equity of 183.96%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.24 earnings per share. As a group, sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Friday, October 2nd were paid a dividend of $1.60 per share. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $6.40 annualized dividend and a dividend yield of 3.2%. This is a boost 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 is a global tobacco and nicotine company that develops, manufactures and sells cigarettes and smoke-free products. Its cigarette brands include Marlboro in markets outside the United States, along with other regional and international brands. The company’s smoke-free portfolio includes IQOS heated tobacco products, ZYN nicotine pouches and VEEV e-vapor products. Philip Morris International sells its products in markets around the world, with availability varying by country and subject to local regulations.