Philip Morris International Inc. $PM is Amica Retiree Medical Trust’s 9th Largest Position

Amica Retiree Medical Trust lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 10.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,376 shares of the company’s stock after selling 900 shares during the quarter. Philip Morris International accounts for approximately 1.9% of Amica Retiree Medical Trust’s holdings, making the stock its 9th largest holding. Amica Retiree Medical Trust’s holdings in Philip Morris International were worth $1,343,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Legacy Investment Solutions LLC purchased a new stake in Philip Morris International during the 2nd quarter worth approximately $25,000. Abound Wealth Management lifted its stake in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after buying an additional 136 shares during the period. Briaud Financial Planning Inc grew its holdings in shares of Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after buying an additional 120 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International in the 1st quarter valued at $30,000. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the subject of a number of research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating on the stock. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Twelve investment 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 company currently has an average rating of “Moderate Buy” and an average target price of $194.00.

Philip Morris International Stock Performance

PM stock opened at $153.26 on Friday. The firm has a market cap of $238.58 billion, a PE ratio of 27.77, a P/E/G ratio of 2.22 and a beta of 0.43. The firm’s fifty day moving average is $158.30 and its 200 day moving average is $168.37. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

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

Philip Morris International Increases Dividend

The firm 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. 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 3.8%. The ex-dividend date was Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

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.