Euro Pacific Asset Management LLC Has $11.38 Million Position in Philip Morris International Inc. (NYSE:PM)

Euro Pacific Asset Management LLC decreased its stake in Philip Morris International Inc. (NYSE:PM) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 93,831 shares of the company’s stock after selling 2,696 shares during the period. Philip Morris International accounts for about 2.5% of Euro Pacific Asset Management LLC’s holdings, making the stock its 15th biggest holding. Euro Pacific Asset Management LLC’s holdings in Philip Morris International were worth $11,379,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in Philip Morris International by 24.5% during the 2nd quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock worth $882,000 after acquiring an additional 1,715 shares during the period. Fred Alger Management LLC grew its stake in Philip Morris International by 10.6% during the second quarter. Fred Alger Management LLC now owns 30,898 shares of the company’s stock worth $3,131,000 after purchasing an additional 2,955 shares during the period. AQR Capital Management LLC increased its holdings in Philip Morris International by 29.4% in the second quarter. AQR Capital Management LLC now owns 322,043 shares of the company’s stock worth $32,571,000 after purchasing an additional 73,234 shares in the last quarter. Daymark Wealth Partners LLC increased its holdings in Philip Morris International by 44.5% in the second quarter. Daymark Wealth Partners LLC now owns 25,395 shares of the company’s stock worth $2,573,000 after purchasing an additional 7,826 shares in the last quarter. Finally, MBB Public Markets I LLC lifted its stake in Philip Morris International by 1,800.9% in the second quarter. MBB Public Markets I LLC now owns 110,444 shares of the company’s stock valued at $11,191,000 after buying an additional 104,634 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on PM shares. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. UBS Group lifted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus reissued a “buy” rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Barclays decreased their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Trading Up 1.5 %

NYSE PM opened at $127.28 on Friday. The business has a fifty day simple moving average of $125.32 and a 200 day simple moving average of $121.80. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15. The firm has a market capitalization of $197.89 billion, a P/E ratio of 20.20, a PEG ratio of 2.01 and a beta of 0.54.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, sell-side analysts predict that Philip Morris International Inc. will post 6.5 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 4.24%. Philip Morris International’s dividend payout ratio is currently 85.71%.

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.