Philip Morris International Inc. $PM Shares Purchased by Victory Financial Group LLC

by · The Cerbat Gem

Victory Financial Group LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 82.9% during the second quarter, HoldingsChannel.com reports. The firm owned 9,796 shares of the company’s stock after purchasing an additional 4,440 shares during the period. Victory Financial Group LLC’s holdings in Philip Morris International were worth $1,784,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in Philip Morris International by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after purchasing an additional 2,235,380 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 purchasing an additional 672,983 shares during the last quarter. Wellington Management Group LLP increased its stake in Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the last quarter. WCM Investment Management LLC increased its position 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 purchasing an additional 11,230,626 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Philip Morris International in the 1st quarter worth approximately $1,712,994,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.5%

Shares of NYSE:PM opened at $147.87 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock’s 50-day moving average price is $154.50 and its two-hundred day moving average price is $166.24. The firm has a market cap of $230.18 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 1.77 and a beta of 0.42.

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

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a $1.47 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s dividend payout ratio is presently 106.52%.

Analyst Ratings Changes

Several research firms have recently commented on PM. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. UBS Group cut their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. JPMorgan Chase & Co. dropped their target price on shares of 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. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Barclays decreased their price objective on 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. Twelve equities research 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, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Read Our Latest Stock Analysis on Philip Morris International

Philip Morris International Company Profile

(Free Report)

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.

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