Philip Morris International Inc. $PM Shares Purchased by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 10.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,618 shares of the company’s stock after acquiring an additional 949 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Philip Morris International were worth $1,606,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

PM has been the subject of several analyst reports. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Sunday. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Finally, Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

Philip Morris International Trading Up 2.2%

PM stock opened at $153.26 on Monday. The firm has a 50 day moving average of $158.30 and a 200-day moving average of $168.38. The company has a market cap of $238.58 billion, a price-to-earnings ratio of 27.77, a PEG ratio of 2.22 and a beta of 0.43. 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 quarterly earnings data 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%. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were paid a dividend of $1.47 per share. 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 annualized dividend and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio is presently 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.