Sanders Morris Harris LLC Buys 14,328 Shares of Philip Morris International Inc. $PM

Sanders Morris Harris LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 933.4% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 15,863 shares of the company’s stock after purchasing an additional 14,328 shares during the period. Sanders Morris Harris LLC’s holdings in Philip Morris International were worth $2,573,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PM. Brighton Jones LLC lifted its stake in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the period. American Century Companies Inc. raised its position in shares of Philip Morris International by 2.2% in the first quarter. American Century Companies Inc. now owns 14,748 shares of the company’s stock worth $2,341,000 after buying an additional 323 shares in the last quarter. Aptus Capital Advisors LLC boosted its stake in Philip Morris International by 3.9% during the first quarter. Aptus Capital Advisors LLC now owns 32,060 shares of the company’s stock valued at $5,089,000 after buying an additional 1,196 shares during the period. Finally, Legacy Financial Advisors Inc. grew its position in Philip Morris International by 5.2% during the first quarter. Legacy Financial Advisors Inc. now owns 9,293 shares of the company’s stock worth $1,475,000 after buying an additional 461 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $158.22 on Wednesday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The stock has a market capitalization of $246.30 billion, a price-to-earnings ratio of 28.66, a price-to-earnings-growth ratio of 1.89 and a beta of 0.42. The company has a fifty day moving average of $153.78 and a 200-day moving average of $164.87.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The company had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Wall Street Analyst Weigh In

Several analysts have weighed in on PM shares. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Barclays dropped their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. JPMorgan Chase & Co. decreased their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. UBS Group cut their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $189.00.

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.