Prudent Man Advisors LLC Has $2.62 Million Position in Philip Morris International Inc. (NYSE:PM)

Prudent Man Advisors LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,516 shares of the company’s stock after acquiring an additional 613 shares during the quarter. Philip Morris International accounts for 1.0% of Prudent Man Advisors LLC’s portfolio, making the stock its 17th largest position. Prudent Man Advisors LLC’s holdings in Philip Morris International were worth $2,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Pacifica Partners Inc. increased its stake in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at $35,000. Inlight Wealth Management LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at $38,000. Ameriflex Group Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter valued at $36,000. Finally, Hughes Financial Services LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at $46,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.7%

Shares of PM stock opened at $179.73 on Friday. The stock has a 50-day moving average price of $178.05 and a 200 day moving average price of $156.75. The firm has a market cap of $279.75 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.61 and a beta of 0.51. Philip Morris International Inc. has a 12 month low of $104.84 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the company earned $1.50 earnings per share. The company’s revenue was up 5.8% on a year-over-year basis. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is currently 111.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on PM. Morgan Stanley restated an “overweight” rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays raised their target price on Philip Morris International from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Needham & Company LLC initiated coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $185.73.

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.