Philip Morris International Inc. (NYSE:PM) Shares Bought by Arlington Partners LLC

Arlington Partners LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 35,805 shares of the company’s stock after buying an additional 571 shares during the period. Philip Morris International accounts for 1.7% of Arlington Partners LLC’s investment portfolio, making the stock its 21st largest holding. Arlington Partners LLC’s holdings in Philip Morris International were worth $4,309,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Financial Group LLC acquired a new stake in shares of Philip Morris International in the 3rd quarter valued at $320,000. Annex Advisory Services LLC raised its holdings in shares of Philip Morris International by 1.6% in the 3rd quarter. Annex Advisory Services LLC now owns 13,380 shares of the company’s stock valued at $1,624,000 after purchasing an additional 212 shares in the last quarter. Carnegie Investment Counsel grew its position in shares of Philip Morris International by 1.3% in the 3rd quarter. Carnegie Investment Counsel now owns 102,038 shares of the company’s stock valued at $12,387,000 after buying an additional 1,318 shares during the last quarter. Koshinski Asset Management Inc. grew its position in shares of Philip Morris International by 3.9% in the 3rd quarter. Koshinski Asset Management Inc. now owns 12,348 shares of the company’s stock valued at $1,499,000 after buying an additional 462 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. grew its position in shares of Philip Morris International by 16.7% in the 3rd quarter. McGlone Suttner Wealth Management Inc. now owns 5,222 shares of the company’s stock valued at $634,000 after buying an additional 746 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on PM shares. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Barclays dropped their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday. Finally, UBS Group increased their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday. 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $134.35.

Philip Morris International Stock Performance

PM stock opened at $144.40 on Monday. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $146.78. The stock has a market capitalization of $224.51 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. The company has a fifty day moving average of $125.66 and a 200-day moving average of $123.97.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Equities analysts forecast that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.74%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

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.