Rossmore Private Capital Has $4.18 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Key Points

• Rossmore Private Capital increased its stake in Philip Morris International by 22.4% during the first quarter, owning 26,360 shares valued at approximately $4.18 million as of its latest filing.
• Multiple institutional investors adjusted their holdings in Philip Morris, with Goldman Sachs increasing its position by 57.5% during the first quarter, owning nearly 9.8 million shares worth about $1.55 billion.
• Philip Morris International declared a quarterly dividend of $1.35 per share, with a current yield of 3.2%, while the company reported a net margin of 9.03% in its latest earnings results.

Rossmore Private Capital raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 22.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 26,360 shares of the company's stock after acquiring an additional 4,832 shares during the period. Rossmore Private Capital's holdings in Philip Morris International were worth $4,184,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PM. Perigon Wealth Management LLC increased its holdings in shares of Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after purchasing an additional 60 shares in the last quarter. TBH Global Asset Management LLC increased its holdings in shares of Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after purchasing an additional 61 shares in the last quarter. Capital Advisors Wealth Management LLC increased its holdings in shares of Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after purchasing an additional 63 shares in the last quarter. Renasant Bank increased its holdings in Philip Morris International by 3.3% during the 1st quarter. Renasant Bank now owns 1,994 shares of the company's stock valued at $317,000 after acquiring an additional 63 shares in the last quarter. Finally, Lloyd Advisory Services LLC. increased its holdings in Philip Morris International by 3.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after acquiring an additional 64 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of NYSE:PM traded down $2.91 during midday trading on Wednesday, reaching $165.69. The company's stock had a trading volume of 5,020,210 shares, compared to its average volume of 7,072,447. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The company has a market capitalization of $257.91 billion, a P/E ratio of 31.50, a P/E/G ratio of 2.45 and a beta of 0.48. The business's fifty day simple moving average is $175.47 and its 200-day simple moving average is $164.05.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $10.33 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. The business's revenue was up 7.1% on a year-over-year basis. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio is 102.66%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Morgan Stanley restated an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Citigroup reissued an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. UBS Group raised their target price on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Barclays decreased their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $186.27.

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.