Savant Capital LLC Buys 11,640 Shares of Philip Morris International Inc. $PM

Savant Capital LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 15.5% during the second quarter, Holdings Channel.com reports. The firm owned 86,695 shares of the company’s stock after acquiring an additional 11,640 shares during the period. Savant Capital LLC’s holdings in Philip Morris International were worth $15,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Abound Wealth Management raised its holdings in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International in the first quarter valued at approximately $30,000. Briaud Financial Planning Inc grew its holdings in Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its position in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in Philip Morris International in the 1st quarter valued at $34,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays cut their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. UBS Group decreased their target price on 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, Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

Philip Morris International Trading Up 2.2%

Shares of PM opened at $153.26 on Friday. The stock has a 50-day moving average price of $158.30 and a 200-day moving average price of $168.34. The company has a market cap of $238.58 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.43. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The company had revenue of $8.12 billion during the quarter. As a group, analysts predict that Philip Morris International Inc. will post 7.14 earnings per share 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. This is a positive change 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 dividend on an annualized basis and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio is currently 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.