Philip Morris International Inc. (NYSE:PM) Holdings Reduced by Capital Planning Advisors LLC

Capital Planning Advisors LLC decreased its position in Philip Morris International Inc. (NYSE:PM) by 49.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,583 shares of the company’s stock after selling 3,528 shares during the period. Capital Planning Advisors LLC’s holdings in Philip Morris International were worth $431,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. boosted its holdings in shares of Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after acquiring an additional 1,715 shares in the last quarter. Mill Creek Capital Advisors LLC boosted its holdings in shares of Philip Morris International by 4.7% in the second quarter. Mill Creek Capital Advisors LLC now owns 3,051 shares of the company’s stock valued at $309,000 after acquiring an additional 136 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Philip Morris International by 59.9% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 297,348 shares of the company’s stock valued at $30,130,000 after acquiring an additional 111,378 shares in the last quarter. Fred Alger Management LLC boosted its holdings 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 buying an additional 2,955 shares in the last quarter. Finally, Blankinship & Foster LLC bought a new stake in Philip Morris International during the second quarter worth approximately $202,000. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price target (up previously from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. UBS Group upped 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 report on Wednesday, October 23rd. Finally, Barclays reduced their price target on shares of 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. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Price Performance

NYSE PM opened at $123.27 on Thursday. The firm has a market capitalization of $191.67 billion, a price-to-earnings ratio of 19.55, a P/E/G ratio of 2.03 and a beta of 0.54. The company’s fifty day moving average is $125.38 and its two-hundred day moving average is $121.77. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $134.15.

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

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.38%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is 85.71%.

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.