Philip Morris International Inc. $PM Stock Purchased by Vise Technologies Inc.

Vise Technologies Inc. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 11.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 160,189 shares of the company’s stock after purchasing an additional 15,996 shares during the period. Vise Technologies Inc.’s holdings in Philip Morris International were worth $30,567,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PM. Bank of New York Mellon Corp increased its stake in Philip Morris International by 30.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 11,669,878 shares of the company’s stock worth $2,111,198,000 after buying an additional 2,755,662 shares during the period. Teamwork Financial Advisors LLC lifted its position in shares of Philip Morris International by 2,662.6% in the second quarter. Teamwork Financial Advisors LLC now owns 65,695 shares of the company’s stock valued at $11,885,000 after acquiring an additional 63,317 shares in the last quarter. Perennial Investment Advisors LLC acquired a new stake in shares of Philip Morris International in the second quarter worth approximately $505,000. Orographic Financial Advisors LLC acquired a new stake in Philip Morris International in the 1st quarter valued at $1,205,000. Finally, Addison Capital Co boosted its stake in Philip Morris International by 32.5% during the 1st quarter. Addison Capital Co now owns 31,779 shares of the company’s stock valued at $5,254,000 after acquiring an additional 7,793 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PM. Barclays lifted their price target on Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley raised their target price on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings raised shares of Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Argus boosted their price objective on shares of Philip Morris International from $210.00 to $220.00 and gave the stock a “buy” rating in a research note on Monday, October 26th. Finally, UBS Group increased their target price on shares of Philip Morris International from $193.00 to $201.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $209.70.

Philip Morris International Stock Up 0.1%

NYSE PM opened at $208.72 on Friday. The company has a market cap of $325.32 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 2.80 and a beta of 0.34. Philip Morris International Inc. has a 52 week low of $142.11 and a 52 week high of $214.35. The firm’s 50-day simple moving average is $194.20 and its two-hundred day simple moving average is $181.93.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, October 21st. The company reported $2.36 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.06. Philip Morris International had a negative return on equity of 183.96% and a net margin of 10.73%. The business had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $11.32 billion. During the same quarter last year, the business posted $2.24 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 8.32 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Friday, October 2nd were paid a dividend of $1.60 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. The ex-dividend date was Friday, October 2nd. This represents a $6.40 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s dividend payout ratio (DPR) is presently 93.43%.

Philip Morris International Profile

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.