Euro Pacific Asset Management LLC Cuts Stake in Philip Morris International Inc. (NYSE:PM)

Euro Pacific Asset Management LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 93,831 shares of the company’s stock after selling 2,696 shares during the quarter. Philip Morris International makes up about 2.5% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 15th largest position. Euro Pacific Asset Management LLC’s holdings in Philip Morris International were worth $11,379,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in PM. Exchange Traded Concepts LLC grew its position in shares of Philip Morris International by 90.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 160,434 shares of the company’s stock valued at $19,308,000 after acquiring an additional 76,358 shares during the period. CX Institutional grew its holdings in Philip Morris International by 12.7% during the fourth quarter. CX Institutional now owns 8,520 shares of the company’s stock valued at $1,025,000 after purchasing an additional 958 shares during the period. Zweig DiMenna Associates LLC increased its position in Philip Morris International by 3.7% in the fourth quarter. Zweig DiMenna Associates LLC now owns 156,579 shares of the company’s stock worth $18,844,000 after buying an additional 5,600 shares during the last quarter. Patriot Investment Management Group Inc. raised its stake in shares of Philip Morris International by 3.2% in the fourth quarter. Patriot Investment Management Group Inc. now owns 8,473 shares of the company’s stock valued at $1,020,000 after buying an additional 265 shares during the period. Finally, Southland Equity Partners LLC lifted its position in shares of Philip Morris International by 31.1% during the 4th quarter. Southland Equity Partners LLC now owns 8,486 shares of the company’s stock valued at $1,021,000 after buying an additional 2,013 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.5 %

Shares of NYSE PM opened at $127.28 on Friday. The business has a 50-day moving average of $125.32 and a 200-day moving average of $121.80. The firm has a market capitalization of $197.89 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.67 EPS. On average, analysts predict that Philip Morris International Inc. will post 6.5 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.24%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analyst Weigh In

PM has been the subject of several recent research reports. Barclays decreased their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a report on Tuesday, October 1st. Citigroup boosted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.35.

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.