Bryn Mawr Trust Advisors LLC Sells 452 Shares of Philip Morris International Inc. $PM

Bryn Mawr Trust Advisors LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,634 shares of the company’s stock after selling 452 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in Philip Morris International were worth $5,397,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of PM. PFS Partners LLC boosted its holdings in shares of Philip Morris International by 24.8% during the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after acquiring an additional 58 shares during the last quarter. Uncommon Cents Investing LLC lifted its position in Philip Morris International by 1.1% during the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after purchasing an additional 61 shares during the period. NFP Retirement Inc. boosted its holdings in Philip Morris International by 2.5% in the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after purchasing an additional 62 shares during the last quarter. Cranbrook Wealth Management LLC grew its position in Philip Morris International by 6.5% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock worth $185,000 after purchasing an additional 62 shares during the period. Finally, Renasant Bank raised its stake in Philip Morris International by 3.3% during the 1st quarter. Renasant Bank now owns 1,994 shares of the company’s stock valued at $317,000 after buying an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. UBS Group cut their target price on shares of 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. Finally, Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $194.00.

Philip Morris International Trading Up 1.0%

Philip Morris International stock opened at $149.93 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The firm has a market capitalization of $233.39 billion, a price-to-earnings ratio of 27.16, a P/E/G ratio of 2.15 and a beta of 0.43. The firm has a 50 day moving average of $158.58 and a 200 day moving average of $168.41.

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

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is 106.52%.

About Philip Morris International

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.