Fiduciary Family Office LLC Buys New Position in Philip Morris International Inc. (NYSE:PM)

Key Points

• Fiduciary Family Office LLC acquired a new stake in Philip Morris International Inc., purchasing 22,688 shares valued at approximately $3.6 million, making it the firm's 9th largest holding.
• Several institutional investors have increased their stakes significantly in Philip Morris, with notable increases from GAMMA Investing LLC (around 19,986.5% increase) and Goldman Sachs Group Inc. (up 57.5%).
• Philip Morris International recently reported earnings that exceeded estimates, with a quarterly EPS of $1.91 against a consensus forecast of $1.86, along with a quarterly dividend payout of $1.35.

Fiduciary Family Office LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 22,688 shares of the company's stock, valued at approximately $3,601,000. Philip Morris International makes up approximately 1.2% of Fiduciary Family Office LLC's investment portfolio, making the stock its 9th biggest holding.

A number of other hedge funds have also recently bought and sold shares of PM. GAMMA Investing LLC grew its stake in Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after purchasing an additional 4,464,590 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after acquiring an additional 4,298,530 shares during the last quarter. Capital World Investors raised its stake in Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares during the period. Goldman Sachs Group Inc. raised its stake in Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock valued at $1,554,686,000 after acquiring an additional 3,575,158 shares during the period. Finally, Lone Pine Capital LLC raised its stake in Philip Morris International by 44.4% in the 4th quarter. Lone Pine Capital LLC now owns 6,468,372 shares of the company's stock valued at $778,469,000 after acquiring an additional 1,987,716 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PM has been the topic of a number of research analyst reports. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday. JPMorgan Chase & Co. increased their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Citigroup restated an "overweight" rating on shares of Philip Morris International in a research note on Tuesday, July 22nd. Finally, Needham & Company LLC reiterated a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $186.27.

Philip Morris International Trading Up 1.2%

NYSE PM opened at $170.23 on Friday. The firm has a market capitalization of $264.98 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 2.45 and a beta of 0.48. The firm's 50 day simple moving average is $176.29 and its 200 day simple moving average is $163.16. Philip Morris International Inc. has a 1 year low of $115.62 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the business posted $1.59 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

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

Philip Morris International 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.

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