Victory Financial Group LLC Has $1.78 Million Holdings in Philip Morris International Inc. $PM

Victory Financial Group LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 82.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,796 shares of the company’s stock after acquiring an additional 4,440 shares during the period. Victory Financial Group LLC’s holdings in Philip Morris International were worth $1,784,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Philip Morris International by 1.6% in the second quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after acquiring an additional 2,235,380 shares during the period. Geode Capital Management LLC raised its position in shares of Philip Morris International by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 37,181,107 shares of the company’s stock valued at $6,760,346,000 after acquiring an additional 672,983 shares during the period. Wellington Management Group LLP lifted its stake in Philip Morris International by 26.4% in the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after buying an additional 4,563,632 shares in the last quarter. WCM Investment Management LLC grew its stake in shares of Philip Morris International by 24,968.0% during the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after acquiring an additional 11,230,626 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at about $1,712,994,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.5%

NYSE PM opened at $147.87 on Friday. The firm has a market cap of $230.18 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 1.77 and a beta of 0.42. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The business has a 50-day moving average price of $154.50 and a 200-day moving average price of $166.24.

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

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were given a dividend of $1.47 per share. This is a boost 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 4.0%. Philip Morris International’s payout ratio is 106.52%.

Analyst Upgrades and Downgrades

PM has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research note on Tuesday, October 21st. Finally, Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $189.00.

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.