Philip Morris International Inc. $PM Stock Sold by Vestor Capital LLC

Vestor Capital LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 93.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,038 shares of the company’s stock after selling 30,579 shares during the quarter. Vestor Capital LLC’s holdings in Philip Morris International were worth $389,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Financial Network Wealth Advisors LLC grew its stake in shares of Philip Morris International by 9.9% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 620 shares of the company’s stock worth $118,000 after purchasing an additional 56 shares during the last quarter. Hughes Financial Services LLC boosted its holdings in Philip Morris International by 8.4% during the third quarter. Hughes Financial Services LLC now owns 719 shares of the company’s stock worth $150,000 after buying an additional 56 shares in the last quarter. Platt Wealth Management LLC grew its position in Philip Morris International by 2.1% in the second quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock worth $512,000 after buying an additional 58 shares during the last quarter. Security Financial Services INC. grew its position in Philip Morris International by 2.2% in the third quarter. Security Financial Services INC. now owns 2,978 shares of the company’s stock worth $568,000 after buying an additional 64 shares during the last quarter. Finally, Shepherd Financial Partners LLC grew its position in Philip Morris International by 4.9% in the third quarter. Shepherd Financial Partners LLC now owns 1,365 shares of the company’s stock worth $260,000 after buying an additional 64 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

PM stock opened at $194.31 on Wednesday. The stock has a market cap of $302.86 billion, a P/E ratio of 28.37, a P/E/G ratio of 2.59 and a beta of 0.34. The firm has a 50 day simple moving average of $195.73 and a 200 day simple moving average of $183.05. Philip Morris International Inc. has a 52 week low of $146.35 and a 52 week high of $214.35.

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

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Friday, October 2nd were issued a dividend of $1.60 per share. The ex-dividend date was Friday, October 2nd. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.3%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s payout ratio is 93.43%.

Analysts Set New Price Targets

Several research firms have issued reports on PM. Stifel Nicolaus upped their price target on Philip Morris International from $205.00 to $232.00 and gave the company a “buy” rating in a report on Tuesday, November 3rd. Citigroup increased their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley raised their price objective on Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Argus lifted their target price on Philip Morris International from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, October 26th. Finally, UBS Group lifted their target price on Philip Morris International from $193.00 to $201.00 and gave the stock a “neutral” rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $213.90.

Philip Morris International Company Profile

Philip Morris International is a global tobacco and nicotine company that develops, manufactures and sells cigarettes and smoke-free products. Its cigarette brands include Marlboro in markets outside the United States, along with other regional and international brands. The company’s smoke-free portfolio includes IQOS heated tobacco products, ZYN nicotine pouches and VEEV e-vapor products. Philip Morris International sells its products in markets around the world, with availability varying by country and subject to local regulations.