Beese Fulmer Investment Management Inc. Buys 1,457 Shares of Philip Morris International Inc. (NYSE:PM)

Beese Fulmer Investment Management Inc. lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,022 shares of the company’s stock after acquiring an additional 1,457 shares during the quarter. Beese Fulmer Investment Management Inc.’s holdings in Philip Morris International were worth $13,482,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in Philip Morris International by 3.8% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 279,575 shares of the company’s stock worth $33,647,000 after buying an additional 10,349 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Philip Morris International by 2.1% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,113,991 shares of the company’s stock worth $374,769,000 after acquiring an additional 63,244 shares during the period. Tandem Financial LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $2,171,000. Strategic Financial Concepts LLC bought a new stake in Philip Morris International during the 4th quarter valued at approximately $3,637,000. Finally, Consolidated Portfolio Review Corp lifted its holdings in Philip Morris International by 19.6% in the 4th quarter. Consolidated Portfolio Review Corp now owns 2,163 shares of the company’s stock worth $260,000 after purchasing an additional 354 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Philip Morris International stock opened at $145.41 on Friday. The firm has a market capitalization of $226.08 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $146.78. The company’s 50-day moving average is $125.17 and its 200 day moving average is $123.46.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. Research analysts anticipate that Philip Morris International Inc. will post 6.5 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders 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 3.71%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PM shares. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price for the company. UBS Group increased their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Barclays dropped their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently 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.