Atlantic Union Bankshares Corp Boosts Stock Position in Philip Morris International Inc. $PM

Atlantic Union Bankshares Corp boosted its holdings in Philip Morris International Inc. (NYSE:PM) by 12.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 89,459 shares of the company’s stock after buying an additional 9,961 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Philip Morris International were worth $16,293,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of PM. Brighton Jones LLC boosted its stake in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake 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 in the last quarter. Capstone Wealth Management Group LLC acquired a new position in Philip Morris International in the first quarter valued at $238,000. Crossmark Global Holdings Inc. boosted its stake in Philip Morris International by 30.8% in the first quarter. Crossmark Global Holdings Inc. now owns 35,281 shares of the company’s stock valued at $5,600,000 after acquiring an additional 8,310 shares in the last quarter. Finally, Stratos Investment Management LLC boosted its stake in Philip Morris International by 26.3% in the first quarter. Stratos Investment Management LLC now owns 7,078 shares of the company’s stock valued at $1,124,000 after acquiring an additional 1,475 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $148.47 on Thursday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The company has a market capitalization of $231.11 billion, a price-to-earnings ratio of 26.90, a price-to-earnings-growth ratio of 2.14 and a beta of 0.43. The firm has a 50-day simple moving average of $158.89 and a 200-day simple moving average of $168.54.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. Equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were given a $1.47 dividend. The ex-dividend date was Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 4.0%. Philip Morris International’s payout ratio is 106.52%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on PM shares. Jefferies Financial Group started coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price objective for the company. KGI Securities began coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. UBS Group decreased their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Barclays decreased their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $194.00.

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.