Anthracite Investment Company Inc. Sells 300 Shares of Philip Morris International Inc. $PM

Anthracite Investment Company Inc. lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,400 shares of the company’s stock after selling 300 shares during the quarter. Philip Morris International accounts for about 2.8% of Anthracite Investment Company Inc.’s portfolio, making the stock its 13th largest position. Anthracite Investment Company Inc.’s holdings in Philip Morris International were worth $5,537,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Brighton Jones LLC lifted its position in Philip Morris International by 39.4% during the second quarter. Brighton Jones LLC now owns 32,224 shares of the company’s stock valued at $5,869,000 after purchasing an additional 9,110 shares during the last quarter. MQS Management LLC bought a new position in Philip Morris International during the second quarter valued at $792,000. Leavell Investment Management Inc. lifted its position in Philip Morris International by 3.2% during the second quarter. Leavell Investment Management Inc. now owns 11,142 shares of the company’s stock valued at $2,044,000 after purchasing an additional 349 shares during the last quarter. CVA Family Office LLC lifted its position in Philip Morris International by 1.9% during the second quarter. CVA Family Office LLC now owns 8,529 shares of the company’s stock valued at $1,553,000 after purchasing an additional 161 shares during the last quarter. Finally, Brian Low Financial Group LLC bought a new position in Philip Morris International during the second quarter valued at $1,149,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.0%

Philip Morris International stock opened at $157.69 on Friday. The firm has a 50-day moving average price of $162.32 and a 200-day moving average price of $168.98. The firm has a market capitalization of $245.45 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 11.02% and a negative return on equity of 122.14%. The company had revenue of $8.12 billion during the quarter. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Analyst Ratings Changes

PM has been the subject of several research reports. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research report on Tuesday. Citigroup restated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Barclays lowered their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Finally, UBS Group lowered their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $194.00.

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.