Los Angeles Capital Management LLC Has $239.31 Million Stake in Philip Morris International Inc. (NYSE:PM)

Los Angeles Capital Management LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,507,621 shares of the company's stock after buying an additional 91,740 shares during the quarter. Philip Morris International comprises approximately 1.1% of Los Angeles Capital Management LLC's investment portfolio, making the stock its 18th biggest holding. Los Angeles Capital Management LLC owned about 0.10% of Philip Morris International worth $239,305,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Pacifica Partners Inc. grew its holdings in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Philip Morris International during the first quarter valued at approximately $35,000. Inlight Wealth Management LLC acquired a new position in Philip Morris International during the first quarter valued at approximately $38,000. Ameriflex Group Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. Finally, Hughes Financial Services LLC acquired a new position in shares of Philip Morris International in the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barclays reiterated an "overweight" rating on shares of Philip Morris International in a report on Tuesday. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Sunday. UBS Group set a $181.00 price target on shares of Philip Morris International and gave the company a "neutral" rating in a report on Monday, July 14th. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Finally, Stifel Nicolaus upped their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $186.73.

Philip Morris International Stock Down 0.7%

Shares of PM stock traded down $1.08 during trading on Wednesday, reaching $164.19. The company's stock had a trading volume of 4,968,206 shares, compared to its average volume of 5,719,183. The business has a fifty day moving average price of $178.83 and a 200-day moving average price of $159.09. The company has a market cap of $255.56 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 2.59 and a beta of 0.51. Philip Morris International Inc. has a one year low of $108.00 and a one 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. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the prior year, the firm posted $1.59 earnings per share. The company's quarterly revenue was up 7.1% compared to the same quarter last year. Research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

About Philip Morris International

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.