UNIVEST FINANCIAL Corp Has $13.50 Million Stock Position in Philip Morris International Inc. $PM

UNIVEST FINANCIAL Corp increased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 83,243 shares of the company’s stock after purchasing an additional 4,506 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Philip Morris International were worth $13,502,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Coign Capital Advisors LLC acquired a new position in shares of Philip Morris International during the 3rd quarter worth approximately $610,000. Flagship Wealth Advisors LLC lifted its holdings in Philip Morris International by 7.3% during the 3rd quarter. Flagship Wealth Advisors LLC now owns 1,287 shares of the company’s stock valued at $209,000 after purchasing an additional 87 shares during the last quarter. WFA Asset Management Corp boosted its position in Philip Morris International by 3.2% during the third quarter. WFA Asset Management Corp now owns 2,391 shares of the company’s stock worth $388,000 after purchasing an additional 74 shares during the period. Parkside Financial Bank & Trust increased its holdings in shares of Philip Morris International by 0.9% in the third quarter. Parkside Financial Bank & Trust now owns 13,159 shares of the company’s stock valued at $2,134,000 after purchasing an additional 122 shares during the last quarter. Finally, Verus Financial Partners Inc. raised its position in shares of Philip Morris International by 8.8% in the third quarter. Verus Financial Partners Inc. now owns 26,509 shares of the company’s stock valued at $4,300,000 after purchasing an additional 2,142 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.7%

Shares of PM stock opened at $170.00 on Friday. The stock has a market cap of $264.63 billion, a P/E ratio of 30.80, a price-to-earnings-growth ratio of 1.82 and a beta of 0.40. Philip Morris International Inc. has a 1 year low of $122.76 and a 1 year high of $186.69. The stock has a 50 day simple moving average of $158.87 and a 200 day simple moving average of $161.65.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Friday, October 24th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.14. The firm had revenue of $10.85 billion during the quarter, compared to analysts’ expectations of $10.67 billion. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.91 EPS. Analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s payout ratio is 106.52%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PM. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Jefferies Financial Group cut Philip Morris International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $220.00 to $180.00 in a report on Tuesday. JPMorgan Chase & Co. lowered their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $184.56.

Philip Morris International 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.