Brentview Investment Management LLC Sells 725 Shares of Philip Morris International Inc. $PM

Brentview Investment Management LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,598 shares of the company’s stock after selling 725 shares during the quarter. Philip Morris International comprises 3.4% of Brentview Investment Management LLC’s investment portfolio, making the stock its 6th biggest holding. Brentview Investment Management LLC’s holdings in Philip Morris International were worth $6,666,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Panagora Asset Management Inc. grew its stake in Philip Morris International by 142.2% during the second quarter. Panagora Asset Management Inc. now owns 1,512,514 shares of the company’s stock worth $275,474,000 after purchasing an additional 888,148 shares during the period. Virtus Advisers LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $800,000. VestGen Advisors LLC increased its stake in shares of Philip Morris International by 9.2% in the 2nd quarter. VestGen Advisors LLC now owns 13,121 shares of the company’s stock valued at $2,321,000 after acquiring an additional 1,101 shares in the last quarter. Estabrook Capital Management acquired a new position in shares of Philip Morris International during the 2nd quarter valued at $30,000. Finally, Bernardo Wealth Planning LLC boosted its stake in Philip Morris International by 1.8% during the second quarter. Bernardo Wealth Planning LLC now owns 3,584 shares of the company’s stock worth $653,000 after acquiring an additional 62 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Performance

Shares of PM opened at $157.25 on Monday. The firm has a market capitalization of $244.78 billion, a P/E ratio of 28.49, a P/E/G ratio of 1.86 and a beta of 0.43. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock has a 50 day moving average price of $155.69 and a two-hundred day moving average price of $166.85.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The company had revenue of $8.12 billion for the quarter. On average, equities analysts forecast 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 announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PM shares. Barclays decreased their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday, October 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

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.