Philip Morris International Inc. (NYSE:PM) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 14.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,487 shares of the company’s stock after purchasing an additional 7,603 shares during the period. Ritholtz Wealth Management’s holdings in Philip Morris International were worth $9,760,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in PM. GQG Partners LLC grew its holdings in Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. GAMMA Investing LLC grew its holdings in Philip Morris International by 19,986.5% during the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock valued at $712,210,000 after purchasing an additional 4,464,590 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Philip Morris International during the 4th quarter valued at $522,214,000. Kovitz Investment Group Partners LLC grew its holdings in Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock valued at $656,303,000 after purchasing an additional 4,298,530 shares in the last quarter. Finally, Capital World Investors grew its holdings in Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Barclays raised their price objective on shares of Philip Morris International from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley reissued an “overweight” rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Needham & Company LLC assumed coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They set a “buy” rating for the company. Finally, Citigroup raised their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $176.80.

Philip Morris International Stock Performance

NYSE PM opened at $184.01 on Friday. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $185.16. The company has a 50-day simple moving average of $170.67 and a 200-day simple moving average of $149.34. The firm has a market capitalization of $286.41 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 EPS. Equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.93%. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Philip Morris International 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.