Beese Fulmer Investment Management Inc. Boosts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Beese Fulmer Investment Management Inc. lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 1.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 112,022 shares of the company’s stock after acquiring an additional 1,457 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Philip Morris International were worth $13,482,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. White Lighthouse Investment Management Inc. grew its position in shares of Philip Morris International by 71.4% in the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock worth $1,457,000 after buying an additional 4,999 shares during the last quarter. Range Financial Group LLC grew its holdings in Philip Morris International by 504.9% in the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after purchasing an additional 19,127 shares during the last quarter. Accredited Investors Inc. increased its position in shares of Philip Morris International by 3,553.3% during the third quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock worth $25,125,000 after purchasing an additional 201,294 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in shares of Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after purchasing an additional 16,035 shares during the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after purchasing an additional 6,605 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

NYSE PM opened at $145.41 on Friday. The firm has a market capitalization of $226.08 billion, a P/E ratio of 23.08, a PEG ratio of 2.30 and a beta of 0.55. The stock has a 50-day simple moving average of $125.17 and a two-hundred day simple moving average of $123.46. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $146.78.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. As a group, analysts forecast that Philip Morris International Inc. will post 6.5 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors 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 yield of 3.71%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analyst Weigh In

A number of research firms have commented on PM. UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price objective 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. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Barclays decreased 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 report on Wednesday, January 8th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. One 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’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $131.35.

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.