Lockheed Martin Investment Management Co. Decreases Stake in Philip Morris International Inc. $PM

Lockheed Martin Investment Management Co. lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 34.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,400 shares of the company’s stock after selling 39,800 shares during the period. Lockheed Martin Investment Management Co.’s holdings in Philip Morris International were worth $12,230,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of PM. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International in the second quarter valued at approximately $25,000. Traub Capital Management LLC acquired a new position in Philip Morris International during the second quarter worth $25,000. Marquette Asset Management LLC grew its holdings in Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after buying an additional 151 shares in the last quarter. Briaud Financial Planning Inc increased its stake in shares of Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 120 shares during the last quarter. Finally, Estabrook Capital Management purchased a new position in shares of Philip Morris International during the 2nd quarter worth $30,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.7%

PM stock opened at $170.00 on Friday. The business’s fifty day moving average price is $158.87 and its 200 day moving average price is $161.65. Philip Morris International Inc. has a 12-month low of $122.76 and a 12-month high of $186.69. The company has a market capitalization of $264.63 billion, a PE ratio of 30.80, a P/E/G ratio of 1.82 and a beta of 0.40.

Philip Morris International (NYSE:PM) last released its earnings results on Friday, October 24th. The company reported $2.24 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.14. The company had revenue of $10.85 billion during the quarter, compared to the consensus estimate of $10.67 billion. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.Philip Morris International’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.91 EPS. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.5%. Philip Morris International’s payout ratio is 106.52%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PM shares. Barclays lowered their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a research report on Tuesday, October 21st. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $184.56.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.