Greenleaf Trust Has $5.57 Million Position in Philip Morris International Inc. (NYSE:PM)

Greenleaf Trust grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,116 shares of the company's stock after purchasing an additional 1,645 shares during the period. Greenleaf Trust's holdings in Philip Morris International were worth $5,574,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Philip Morris International by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock worth $16,780,688,000 after acquiring an additional 1,167,810 shares in the last quarter. Capital World Investors increased its position in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. GQG Partners LLC raised its stake in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after buying an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Philip Morris International by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after buying an additional 516,617 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PM shares. Stifel Nicolaus upped their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Citigroup upped their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Barclays reissued an "overweight" rating and set a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Finally, Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $180.73.

Philip Morris International Stock Performance

NYSE:PM traded up $0.01 during mid-day trading on Wednesday, hitting $177.73. 3,820,558 shares of the stock were exchanged, compared to its average volume of 5,623,932. The firm's 50-day simple moving average is $177.53 and its 200 day simple moving average is $155.58. The stock has a market capitalization of $276.64 billion, a price-to-earnings ratio of 36.65, a price-to-earnings-growth ratio of 2.63 and a beta of 0.51. Philip Morris International Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The company had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The company's revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.04%. Philip Morris International's payout ratio is 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.