Philip Morris International Inc. (NYSE:PM) Shares Purchased by Savant Capital LLC

Savant Capital LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,813 shares of the company’s stock after purchasing an additional 1,148 shares during the period. Savant Capital LLC’s holdings in Philip Morris International were worth $5,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. Annex Advisory Services LLC boosted its stake in Philip Morris International by 1.6% during the 3rd quarter. Annex Advisory Services LLC now owns 13,380 shares of the company’s stock valued at $1,624,000 after purchasing an additional 212 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Philip Morris International by 3.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 12,348 shares of the company’s stock worth $1,499,000 after acquiring an additional 462 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Philip Morris International by 84.8% in the 3rd quarter. Sound Income Strategies LLC now owns 3,274 shares of the company’s stock worth $397,000 after acquiring an additional 1,502 shares during the period. Thomasville National Bank lifted its stake in shares of Philip Morris International by 1.6% in the 3rd quarter. Thomasville National Bank now owns 42,466 shares of the company’s stock worth $5,155,000 after acquiring an additional 679 shares during the period. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Philip Morris International in the 3rd quarter worth approximately $313,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $146.58 on Tuesday. The company has a market cap of $227.91 billion, a PE ratio of 32.50, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $146.78. The firm has a 50 day simple moving average of $125.66 and a 200 day simple moving average of $124.06.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, equities analysts predict that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.68%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. Finally, UBS Group increased their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.35.

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.