Commonwealth of Pennsylvania Public School Empls Retrmt SYS Increases Stock Position in Philip Morris International Inc. $PM

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 7.4% in the second quarter, Holdings Channel.com reports. The firm owned 381,744 shares of the company’s stock after acquiring an additional 26,168 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Philip Morris International were worth $69,527,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PM. Linscomb Wealth Inc. increased its position in shares of Philip Morris International by 3.3% in the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock worth $13,207,000 after purchasing an additional 2,669 shares during the last quarter. Mackenzie Financial Corp grew its stake in Philip Morris International by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company’s stock worth $568,873,000 after purchasing an additional 242,799 shares in the last quarter. First American Trust FSB increased its holdings in Philip Morris International by 80.0% in the first quarter. First American Trust FSB now owns 56,382 shares of the company’s stock valued at $8,949,000 after buying an additional 25,063 shares during the last quarter. SpringVest Wealth Management LLC acquired a new stake in Philip Morris International during the first quarter valued at approximately $253,000. Finally, SFE Investment Counsel bought a new position in Philip Morris International during the 1st quarter worth approximately $327,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $155.35 on Friday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company has a 50-day simple moving average of $157.45 and a 200-day simple moving average of $167.90. The firm has a market capitalization of $241.83 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.25 and a beta of 0.43.

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

Philip Morris International Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PM. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. 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 research note on Wednesday, July 30th. KGI Securities started coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Finally, Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average 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.