Benin Management CORP Has $611,000 Stake in Philip Morris International Inc. $PM

Benin Management CORP decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,352 shares of the company’s stock after selling 150 shares during the quarter. Benin Management CORP’s holdings in Philip Morris International were worth $611,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Exencial Wealth Advisors LLC boosted its holdings in Philip Morris International by 36.7% during the second quarter. Exencial Wealth Advisors LLC now owns 13,926 shares of the company’s stock worth $2,536,000 after purchasing an additional 3,741 shares during the last quarter. Denali Advisors LLC lifted its stake in Philip Morris International by 21.6% in the second quarter. Denali Advisors LLC now owns 23,247 shares of the company’s stock valued at $4,234,000 after acquiring an additional 4,125 shares during the last quarter. Brookstone Capital Management lifted its stake in Philip Morris International by 0.9% in the second quarter. Brookstone Capital Management now owns 26,267 shares of the company’s stock valued at $4,784,000 after acquiring an additional 222 shares during the last quarter. Jacobsen Capital Management lifted its stake in Philip Morris International by 18.6% in the second quarter. Jacobsen Capital Management now owns 2,747 shares of the company’s stock valued at $500,000 after acquiring an additional 431 shares during the last quarter. Finally, Retirement Planning Group LLC lifted its stake in Philip Morris International by 502.4% in the second quarter. Retirement Planning Group LLC now owns 10,211 shares of the company’s stock valued at $1,860,000 after acquiring an additional 8,516 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $151.92 on Wednesday. The company has a market capitalization of $236.48 billion, a P/E ratio of 28.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company’s 50 day moving average price is $162.81 and its 200-day moving average price is $168.80.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The firm had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Friday, October 3rd. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio is presently 111.79%.

Analysts Set New Price Targets

PM has been the subject of a number of recent analyst reports. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target for the company. KGI Securities initiated coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Eleven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.44.

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.