Czech National Bank Grows Stock Holdings in Philip Morris International Inc. $PM

Czech National Bank lifted its holdings in Philip Morris International Inc. (NYSE:PM) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 395,342 shares of the company’s stock after acquiring an additional 14,874 shares during the quarter. Czech National Bank’s holdings in Philip Morris International were worth $64,124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PM. Brighton Jones LLC boosted its stake in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after acquiring an additional 91 shares during the period. American Century Companies Inc. boosted its position in Philip Morris International by 2.2% in the 1st quarter. American Century Companies Inc. now owns 14,748 shares of the company’s stock worth $2,341,000 after purchasing an additional 323 shares in the last quarter. Aptus Capital Advisors LLC grew its stake in shares of Philip Morris International by 3.9% during the 1st quarter. Aptus Capital Advisors LLC now owns 32,060 shares of the company’s stock worth $5,089,000 after purchasing an additional 1,196 shares during the period. Finally, JT Stratford LLC purchased a new position in shares of Philip Morris International during the 1st quarter valued at approximately $222,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PM shares. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. UBS Group lowered their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Barclays dropped their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Trading Up 0.4%

Shares of Philip Morris International stock opened at $158.54 on Thursday. The firm has a market capitalization of $246.79 billion, a PE ratio of 28.72, a P/E/G ratio of 1.88 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 firm’s 50-day moving average price is $153.85 and its 200 day moving average price is $164.82.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The company 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%. On average, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a $1.47 dividend. The ex-dividend date is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

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.