Cerity Partners LLC Boosts Stake in Philip Morris International Inc. $PM

Cerity Partners LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 344,524 shares of the company’s stock after buying an additional 16,345 shares during the period. Cerity Partners LLC’s holdings in Philip Morris International were worth $55,882,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Brighton Jones LLC lifted its position in shares of 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 purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC increased 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 worth $252,000 after buying an additional 91 shares during the period. Woodline Partners LP lifted its holdings in Philip Morris International by 40.7% during the 1st quarter. Woodline Partners LP now owns 131,362 shares of the company’s stock valued at $20,851,000 after buying an additional 37,988 shares in the last quarter. SCS Capital Management LLC purchased a new stake in Philip Morris International in the 1st quarter valued at about $822,000. Finally, Advisory Alpha LLC grew its stake in Philip Morris International by 36.3% in the 1st quarter. Advisory Alpha LLC now owns 6,349 shares of the company’s stock worth $1,008,000 after acquiring an additional 1,691 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $155.20 on Thursday. The company has a market capitalization of $241.59 billion, a PE ratio of 28.12, a P/E/G ratio of 1.67 and a beta of 0.40. The company has a 50-day simple moving average of $155.01 and a two-hundred day simple moving average of $162.47. 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 (EPS) for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The firm had revenue of $8.12 billion for the quarter. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be given a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Analyst Ratings Changes

A number of analysts recently issued reports on PM shares. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a report on Tuesday, October 21st. Barclays lowered their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.