Benedict Financial Advisors Inc. Lowers Stake in Philip Morris International Inc (PM)

Benedict Financial Advisors Inc. reduced its position in shares of Philip Morris International Inc (NYSE:PM) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,744 shares of the company’s stock after selling 166 shares during the period. Philip Morris International accounts for approximately 2.9% of Benedict Financial Advisors Inc.’s holdings, making the stock its 5th largest position. Benedict Financial Advisors Inc.’s holdings in Philip Morris International were worth $5,390,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in PM. State Street Corp boosted its stake in Philip Morris International by 1.6% in the fourth quarter. State Street Corp now owns 58,868,463 shares of the company’s stock worth $5,385,970,000 after buying an additional 900,309 shares during the last quarter. FMR LLC boosted its stake in Philip Morris International by 19.4% in the fourth quarter. FMR LLC now owns 16,346,501 shares of the company’s stock worth $1,495,542,000 after buying an additional 2,652,184 shares during the last quarter. Cedar Rock Capital Ltd. boosted its stake in Philip Morris International by 0.5% in the fourth quarter. Cedar Rock Capital Ltd. now owns 11,945,653 shares of the company’s stock worth $1,092,908,000 after buying an additional 58,068 shares during the last quarter. Gardner Russo & Gardner LLC boosted its stake in Philip Morris International by 0.5% in the fourth quarter. Gardner Russo & Gardner LLC now owns 10,363,811 shares of the company’s stock worth $948,185,000 after buying an additional 49,798 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock worth $800,847,000 after buying an additional 1,240,300 shares during the last quarter. Institutional investors and hedge funds own 72.33% of the company’s stock.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Philip Morris International Inc (NYSE PM) opened at 119.56 on Monday. The stock’s 50 day moving average is $117.00 and its 200 day moving average is $106.36. Philip Morris International Inc has a 52 week low of $86.78 and a 52 week high of $123.55. The company has a market capitalization of $185.69 billion, a PE ratio of 26.46 and a beta of 0.94.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, April 20th. The company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.03 by $0.05. Philip Morris International had a net margin of 9.40% and a negative return on equity of 65.44%. The business had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same period in the previous year, the business earned $0.98 EPS. The business’s revenue was down .3% on a year-over-year basis. Analysts predict that Philip Morris International Inc will post $4.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd will be issued a $1.04 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $4.16 annualized dividend and a dividend yield of 3.48%. Philip Morris International’s payout ratio is currently 92.04%.

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PM has been the subject of a number of research reports. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research note on Wednesday, March 29th. Berenberg Bank set a $96.00 target price on Philip Morris International and gave the stock a “hold” rating in a research note on Saturday. Jefferies Group LLC reissued a “hold” rating and set a $104.00 target price on shares of Philip Morris International in a research note on Friday, March 24th. Vetr raised Philip Morris International from a “sell” rating to a “hold” rating and set a $111.99 target price for the company in a research note on Tuesday, May 16th. Finally, Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a research note on Friday, June 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $118.38.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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