Ethic Inc. Has $5.23 Million Position in Philip Morris International Inc. $PM

Key Points

• Ethic Inc. increased its holdings in Philip Morris International by 28.8%, now owning a total of 33,056 shares worth approximately $5.23 million.
• Philip Morris International reported $1.91 EPS for the last quarter, surpassing expectations, with a net margin of 9.03% despite slightly missing revenue forecasts.
• The company announced a quarterly dividend of $1.35, reflecting a 3.2% yield, but has a high dividend payout ratio of 102.66%.

Ethic Inc. boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 28.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,056 shares of the company's stock after purchasing an additional 7,394 shares during the quarter. Ethic Inc.'s holdings in Philip Morris International were worth $5,226,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its position in Philip Morris International by 24.4% during the first quarter. EverSource Wealth Advisors LLC now owns 8,746 shares of the company's stock worth $1,388,000 after purchasing an additional 1,713 shares during the period. Dimensional Fund Advisors LP boosted its position in Philip Morris International by 2.7% during the first quarter. Dimensional Fund Advisors LP now owns 3,222,999 shares of the company's stock worth $511,499,000 after purchasing an additional 83,624 shares during the period. Horizon Investments LLC boosted its position in Philip Morris International by 4.1% during the first quarter. Horizon Investments LLC now owns 29,484 shares of the company's stock worth $4,680,000 after purchasing an additional 1,149 shares during the period. KLCM Advisors Inc. boosted its position in Philip Morris International by 9.4% during the first quarter. KLCM Advisors Inc. now owns 12,880 shares of the company's stock worth $2,044,000 after purchasing an additional 1,108 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its position in Philip Morris International by 95.1% during the first quarter. Vestmark Advisory Solutions Inc. now owns 84,721 shares of the company's stock worth $13,448,000 after purchasing an additional 41,302 shares during the period. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 0.1%

PM stock traded up $0.18 during midday trading on Monday, hitting $166.37. The stock had a trading volume of 3,769,562 shares, compared to its average volume of 6,840,928. The firm has a market capitalization of $258.97 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 2.42 and a beta of 0.48. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock has a 50-day simple moving average of $174.55 and a 200 day simple moving average of $165.29.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The firm had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the company posted $1.59 earnings per share. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio is currently 102.66%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PM shares. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. KGI Securities initiated coverage on Philip Morris International in a research report on Monday, August 4th. They issued an "outperform" rating for the company. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. Finally, Needham & Company LLC reissued a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $186.27.

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.