Members Trust Co Has $416,000 Position in Philip Morris International Inc. $PM

Members Trust Co raised its stake in Philip Morris International Inc. (NYSE:PM) by 40.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,285 shares of the company’s stock after acquiring an additional 658 shares during the period. Members Trust Co’s holdings in Philip Morris International were worth $416,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Family Capital Management Inc. acquired a new position in Philip Morris International in the 2nd quarter valued at $454,000. Exencial Wealth Advisors LLC raised its holdings in Philip Morris International by 36.7% in the 2nd quarter. Exencial Wealth Advisors LLC now owns 13,926 shares of the company’s stock valued at $2,536,000 after acquiring an additional 3,741 shares in the last quarter. Denali Advisors LLC raised its holdings in Philip Morris International by 21.6% in the 2nd quarter. Denali Advisors LLC now owns 23,247 shares of the company’s stock valued at $4,234,000 after acquiring an additional 4,125 shares in the last quarter. Brookstone Capital Management raised its holdings in Philip Morris International by 0.9% in the 2nd quarter. Brookstone Capital Management now owns 26,267 shares of the company’s stock valued at $4,784,000 after acquiring an additional 222 shares in the last quarter. Finally, Jacobsen Capital Management raised its holdings in Philip Morris International by 18.6% in the 2nd quarter. Jacobsen Capital Management now owns 2,747 shares of the company’s stock valued at $500,000 after acquiring an additional 431 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $151.92 on Wednesday. The company has a market capitalization of $236.48 billion, a price-to-earnings ratio of 28.88, a P/E/G ratio of 2.31 and a beta of 0.46. The business’s 50-day moving average is $162.81 and its 200-day moving average is $168.80. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The company had revenue of $8.12 billion for the quarter. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is presently 111.79%.

Wall Street Analysts Forecast Growth

PM has been the topic of several recent analyst reports. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Stifel Nicolaus set a $186.00 price objective on shares of Philip Morris International in a report on Tuesday. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Barclays dropped their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Finally, KGI Securities began coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.44.

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.