HM Payson & Co. Acquires 10,046 Shares of Philip Morris International Inc. $PM

HM Payson & Co. raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 24.2% during the 3rd quarter, Holdings Channel reports. The fund owned 51,486 shares of the company’s stock after purchasing an additional 10,046 shares during the period. HM Payson & Co.’s holdings in Philip Morris International were worth $8,351,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new stake in shares of Philip Morris International during the second quarter valued at about $25,000. Traub Capital Management LLC bought a new position in shares of Philip Morris International during the 2nd quarter worth approximately $25,000. Abound Wealth Management lifted its position in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares during the last quarter. Briaud Financial Planning Inc boosted its stake in Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares in the last quarter. Finally, Estabrook Capital Management purchased a new position in Philip Morris International in the second quarter worth $30,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $161.06 on Monday. The stock has a market cap of $250.72 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 1.93 and a beta of 0.42. The firm has a fifty day moving average price of $154.15 and a 200 day moving average price of $163.66. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

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

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PM. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research report on Tuesday, October 21st. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.