Mill Capital Management LLC Has $13.17 Million Position in Philip Morris International Inc. $PM

Mill Capital Management LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,297 shares of the company’s stock after selling 2,063 shares during the quarter. Mill Capital Management LLC’s holdings in Philip Morris International were worth $13,167,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PM. Abound Wealth Management lifted its stake in Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new position in Philip Morris International during the 1st quarter valued at $30,000. Briaud Financial Planning Inc lifted its stake in Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International during the 1st quarter valued at $34,000. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a “buy” rating and a $220.00 price objective on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

Philip Morris International Stock Performance

Shares of PM opened at $144.33 on Friday. The business has a 50-day moving average of $160.05 and a 200 day moving average of $168.80. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm has a market cap of $224.67 billion, a P/E ratio of 26.15, a price-to-earnings-growth ratio of 2.11 and a beta of 0.46.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The company had revenue of $8.12 billion during the quarter. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were issued a $1.47 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 4.1%. Philip Morris International’s payout ratio is 106.52%.

Philip Morris International Company Profile

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.