Fiduciary Group LLC Decreases Position in Philip Morris International Inc. (NYSE:PM)

Fiduciary Group LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 1.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,934 shares of the company’s stock after selling 163 shares during the period. Fiduciary Group LLC’s holdings in Philip Morris International were worth $1,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Philip Morris International by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock worth $16,780,688,000 after acquiring an additional 1,167,810 shares in the last quarter. Capital World Investors lifted its stake in Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. GQG Partners LLC boosted its holdings in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC increased its stake in Philip Morris International by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP raised its holdings in Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock worth $2,079,262,000 after purchasing an additional 516,617 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Barclays restated an “overweight” rating and issued a $220.00 price objective (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Needham & Company LLC began coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a “buy” rating for the company. Finally, Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $176.80.

Philip Morris International Stock Up 0.1%

Shares of NYSE PM opened at $177.69 on Wednesday. The stock has a market capitalization of $276.58 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 2.64 and a beta of 0.51. Philip Morris International Inc. has a 52 week low of $100.80 and a 52 week high of $186.69. The firm has a 50-day moving average price of $176.63 and a 200 day moving average price of $153.71.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.50 EPS. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

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.