Dover Advisors LLC Raises Stock Position in Philip Morris International Inc. (NYSE:PM)

Dover Advisors LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 3.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,138 shares of the company’s stock after buying an additional 333 shares during the period. Dover Advisors LLC’s holdings in Philip Morris International were worth $1,463,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Capital & Planning LLC boosted its holdings in shares of Philip Morris International by 7.1% during the 4th quarter. Capital & Planning LLC now owns 2,613 shares of the company’s stock valued at $318,000 after purchasing an additional 173 shares during the last quarter. Brighton Jones LLC boosted its holdings in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Philip Morris International by 68.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 380,783 shares of the company’s stock valued at $46,113,000 after purchasing an additional 154,206 shares during the last quarter. Finally, Asset Management One Co. Ltd. boosted its holdings in shares of Philip Morris International by 9.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 858,383 shares of the company’s stock valued at $104,238,000 after purchasing an additional 71,181 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on PM shares. Stifel Nicolaus increased their price objective 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. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley reaffirmed 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. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $176.80.

Philip Morris International Price Performance

Shares of NYSE PM opened at $184.01 on Friday. The company has a market cap of $286.41 billion, a P/E ratio of 40.80, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 1 year low of $98.93 and a 1 year high of $185.16. The firm has a 50-day simple moving average of $170.67 and a two-hundred day simple moving average of $149.22.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 earnings per share. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.93%. Philip Morris International’s dividend payout ratio (DPR) is presently 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.