Morton Capital Management LLC CA Buys 100 Shares of Philip Morris International Inc. (NYSE:PM)

Morton Capital Management LLC CA boosted its stake in Philip Morris International Inc. (NYSE:PM) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,862 shares of the company’s stock after acquiring an additional 100 shares during the period. Morton Capital Management LLC CA’s holdings in Philip Morris International were worth $296,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in PM. GQG Partners LLC boosted its holdings in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Philip Morris International by 19,986.5% during the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock worth $712,210,000 after buying an additional 4,464,590 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth approximately $522,214,000. Kovitz Investment Group Partners LLC boosted its holdings in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after buying an additional 4,298,530 shares in the last quarter. Finally, Capital World Investors boosted its holdings in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after buying an additional 4,216,586 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on PM shares. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Morgan Stanley restated an “overweight” rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Barclays upped their target price on Philip Morris International from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, UBS Group raised Philip Morris International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $176.80.

Philip Morris International Trading Down 0.0%

NYSE PM opened at $184.01 on Friday. The firm has a market capitalization of $286.41 billion, a P/E ratio of 40.80, a PEG ratio of 2.65 and a beta of 0.52. The business has a fifty day simple moving average of $170.67 and a 200 day simple moving average of $149.34. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $185.16.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. As a group, 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.93%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

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.