Mayflower Financial Advisors LLC Lowers Holdings in Philip Morris International Inc. $PM

Mayflower Financial Advisors LLC decreased its position in Philip Morris International Inc. (NYSE:PM) by 3.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,520 shares of the company’s stock after selling 546 shares during the period. Mayflower Financial Advisors LLC’s holdings in Philip Morris International were worth $2,462,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of PM. WCM Investment Management LLC boosted its holdings in shares of Philip Morris International by 24,968.0% in the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock valued at $2,041,223,000 after purchasing an additional 11,230,626 shares during the period. Nuveen LLC bought a new stake in Philip Morris International during the 1st quarter valued at $1,712,994,000. Wellington Management Group LLP boosted its position in Philip Morris International by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after acquiring an additional 4,563,632 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Philip Morris International by 57.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock valued at $1,554,686,000 after acquiring an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Philip Morris International by 22.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock valued at $1,431,527,000 after acquiring an additional 1,635,636 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a “buy” rating and a $220.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

Philip Morris International Trading Down 2.2%

Shares of PM opened at $149.84 on Wednesday. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The stock has a fifty day moving average price of $161.69 and a 200-day moving average price of $169.10. The firm has a market cap of $233.25 billion, a PE ratio of 27.15, a P/E/G ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The company had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were paid a $1.47 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.9%. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

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.