Philip Morris International Inc. $PM Holdings Lowered by Wellington Shields Capital Management LLC

Wellington Shields Capital Management LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 33.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,619 shares of the company’s stock after selling 4,800 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Philip Morris International were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. BCGM Wealth Management LLC raised its stake in Philip Morris International by 1.9% during the 2nd quarter. BCGM Wealth Management LLC now owns 26,433 shares of the company’s stock valued at $4,814,000 after purchasing an additional 503 shares during the period. Machina Capital S.A.S. grew its stake in Philip Morris International by 178.6% during the 2nd quarter. Machina Capital S.A.S. now owns 8,623 shares of the company’s stock valued at $1,571,000 after acquiring an additional 5,528 shares in the last quarter. Westside Investment Management Inc. increased its holdings in shares of Philip Morris International by 9.6% in the 2nd quarter. Westside Investment Management Inc. now owns 3,419 shares of the company’s stock valued at $621,000 after purchasing an additional 299 shares during the period. Texas Bank & Trust Co purchased a new stake in shares of Philip Morris International in the second quarter worth approximately $214,000. Finally, Telos Capital Management Inc. grew its position in Philip Morris International by 4.4% during the second quarter. Telos Capital Management Inc. now owns 3,224 shares of the company’s stock valued at $587,000 after purchasing an additional 136 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Needham & Company LLC reissued a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. UBS Group reduced their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Finally, Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $144.33 on Monday. The stock’s 50-day moving average is $160.05 and its 200-day moving average is $168.92. The company has a market cap of $224.67 billion, a P/E ratio of 26.15, a P/E/G ratio of 2.09 and a beta of 0.43. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The firm 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, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a $1.47 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 4.1%. Philip Morris International’s payout ratio is currently 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.