Cobblestone Capital Advisors LLC NY Raises Holdings in Philip Morris International Inc. $PM

Cobblestone Capital Advisors LLC NY raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 16.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,555 shares of the company’s stock after buying an additional 636 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Philip Morris International were worth $830,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Philip Morris International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock worth $22,320,878,000 after buying an additional 1,189,283 shares during the period. Wellington Management Group LLP lifted its position in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after purchasing an additional 4,563,632 shares during the period. WCM Investment Management LLC lifted its position in shares of Philip Morris International by 24,968.0% in the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after purchasing an additional 11,230,626 shares during the period. Nuveen LLC purchased a new stake in shares of Philip Morris International in the 1st quarter worth about $1,712,994,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Philip Morris International by 57.5% in the first quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after buying an additional 3,575,158 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $153.35 on Tuesday. The stock has a market capitalization of $238.70 billion, a PE ratio of 27.78, a price-to-earnings-growth ratio of 2.28 and a beta of 0.46. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company has a 50-day simple moving average of $162.06 and a two-hundred day simple moving average of $169.11.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The business had revenue of $8.12 billion during the quarter. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Analyst Ratings Changes

Several analysts have commented on PM shares. Barclays lowered their price objective 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. KGI Securities began coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, UBS Group lowered their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.