TCM Advisors LLC Trims Stock Holdings in Philip Morris International Inc. $PM

TCM Advisors LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 52.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,200 shares of the company’s stock after selling 4,700 shares during the quarter. TCM Advisors LLC’s holdings in Philip Morris International were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. CMC Financial Group bought a new stake in shares of Philip Morris International during the 2nd quarter valued at $291,000. Brown Advisory Inc. boosted its stake in Philip Morris International by 0.6% in the 2nd quarter. Brown Advisory Inc. now owns 163,117 shares of the company’s stock worth $29,708,000 after purchasing an additional 905 shares during the period. Amundi grew its holdings in Philip Morris International by 5.3% during the 2nd quarter. Amundi now owns 750,009 shares of the company’s stock valued at $131,934,000 after buying an additional 37,413 shares in the last quarter. SCS Capital Management LLC increased its position in shares of Philip Morris International by 14.6% during the second quarter. SCS Capital Management LLC now owns 5,928 shares of the company’s stock valued at $1,082,000 after buying an additional 754 shares during the period. Finally, Mirabella Financial Services LLP bought a new stake in shares of Philip Morris International during the second quarter valued at about $3,053,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $148.41 on Friday. The company’s fifty day moving average price is $154.84 and its 200-day moving average price is $166.42. The firm has a market capitalization of $231.02 billion, a price-to-earnings ratio of 26.89, a PEG ratio of 1.81 and a beta of 0.42. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

Philip Morris International (NYSE:PM) last posted 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 during the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current 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 dividend of $1.47 per share. 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 4.0%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is 106.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. UBS Group decreased their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Finally, Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International 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.