AGF Management Ltd. Grows Holdings in Philip Morris International Inc. $PM

AGF Management Ltd. raised its position in Philip Morris International Inc. (NYSE:PM) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 641,656 shares of the company’s stock after buying an additional 916 shares during the period. AGF Management Ltd.’s holdings in Philip Morris International were worth $116,865,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of PM. Brighton Jones LLC lifted its holdings in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its stake in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares during the period. Capstone Wealth Management Group LLC purchased a new stake in shares of Philip Morris International during the 1st quarter valued at $238,000. Cerity Partners LLC raised its stake in shares of Philip Morris International by 3.3% during the 1st quarter. Cerity Partners LLC now owns 304,597 shares of the company’s stock worth $48,360,000 after purchasing an additional 9,637 shares during the period. Finally, Bernardo Wealth Planning LLC boosted its holdings in shares of Philip Morris International by 2.2% in the 1st quarter. Bernardo Wealth Planning LLC now owns 3,522 shares of the company’s stock worth $559,000 after buying an additional 75 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $153.26 on Friday. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm has a market cap of $238.58 billion, a PE ratio of 27.77, a PEG ratio of 2.17 and a beta of 0.43. The company has a 50 day simple moving average of $158.30 and a two-hundred day simple moving average of $168.34.

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

Philip Morris International Increases Dividend

The company also recently declared 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 was Friday, October 3rd. This is a positive change 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 3.8%. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PM. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research note on Tuesday, October 21st. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Finally, UBS Group dropped their price target on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

Philip Morris International Company 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.