Fiduciary Family Office LLC Has $3.90 Million Stock Holdings in Philip Morris International Inc. $PM

Fiduciary Family Office LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,390 shares of the company’s stock after selling 1,298 shares during the quarter. Philip Morris International comprises about 1.3% of Fiduciary Family Office LLC’s portfolio, making the stock its 11th biggest position. Fiduciary Family Office LLC’s holdings in Philip Morris International were worth $3,896,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Linscomb Wealth Inc. raised its stake in Philip Morris International by 3.3% during the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock worth $13,207,000 after buying an additional 2,669 shares during the period. Mackenzie Financial Corp raised its stake in shares of Philip Morris International by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company’s stock worth $568,873,000 after purchasing an additional 242,799 shares during the last quarter. 49 Wealth Management LLC raised its stake in shares of Philip Morris International by 79.0% in the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company’s stock worth $847,000 after purchasing an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO raised its stake in shares of Philip Morris International by 704.0% in the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company’s stock worth $22,690,000 after purchasing an additional 125,171 shares during the last quarter. Finally, First American Trust FSB raised its stake in shares of Philip Morris International by 80.0% in the first quarter. First American Trust FSB now owns 56,382 shares of the company’s stock worth $8,949,000 after purchasing an additional 25,063 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PM. Barclays lowered their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. KGI Securities began coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. Needham & Company LLC reissued a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Finally, Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $195.44.

Philip Morris International Stock Down 0.1%

PM stock opened at $157.90 on Tuesday. The firm has a market cap of $245.78 billion, a PE ratio of 30.02, a P/E/G ratio of 2.31 and a beta of 0.46. The business has a 50 day moving average of $163.15 and a 200-day moving average of $168.92. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.

Philip Morris International (NYSE:PM) last released 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 120.86% and a net margin of 9.03%. On average, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders 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. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s dividend payout ratio is currently 111.79%.

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.