Anthracite Investment Company Inc. Lowers Holdings in Philip Morris International Inc. $PM

Anthracite Investment Company Inc. decreased its position in Philip Morris International Inc. (NYSE:PM) by 1.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 30,400 shares of the company’s stock after selling 300 shares during the period. Philip Morris International accounts for about 2.8% of Anthracite Investment Company Inc.’s investment portfolio, making the stock its 13th biggest position. Anthracite Investment Company Inc.’s holdings in Philip Morris International were worth $5,537,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. PFS Partners LLC increased its position in Philip Morris International by 24.8% during the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after purchasing an additional 58 shares during the period. Perigon Wealth Management LLC increased its position in Philip Morris International by 0.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock valued at $2,236,000 after purchasing an additional 60 shares during the period. TBH Global Asset Management LLC increased its position in Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock valued at $1,100,000 after purchasing an additional 61 shares during the period. Uncommon Cents Investing LLC increased its position in Philip Morris International by 1.1% during the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after purchasing an additional 61 shares during the period. Finally, NFP Retirement Inc. increased its position in Philip Morris International by 2.5% during the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock valued at $411,000 after purchasing an additional 62 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. KGI Securities assumed coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating on the stock. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday. Barclays cut their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

Philip Morris International Stock Down 0.0%

Shares of Philip Morris International stock opened at $157.69 on Friday. The firm’s 50 day moving average price is $162.32 and its 200-day moving average price is $168.98. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company has a market cap of $245.45 billion, a P/E ratio of 28.57, a PEG ratio of 2.30 and a beta of 0.46.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a net margin of 11.02% and a negative return on equity of 122.14%. The firm had revenue of $8.12 billion for the quarter. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.7%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is presently 106.52%.

Philip Morris International Profile

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.