BBR Partners LLC Lowers Holdings in Philip Morris International Inc. $PM

by · The Markets Daily

BBR Partners LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 4.0% in the second quarter, HoldingsChannel reports. The institutional investor owned 142,692 shares of the company’s stock after selling 5,922 shares during the period. Philip Morris International makes up about 1.6% of BBR Partners LLC’s holdings, making the stock its 11th largest holding. BBR Partners LLC’s holdings in Philip Morris International were worth $25,988,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of PM. Legacy Investment Solutions LLC purchased a new position in Philip Morris International during the second quarter valued at $25,000. Traub Capital Management LLC bought a new position in shares of Philip Morris International during the 2nd quarter valued at about $25,000. Abound Wealth Management grew its position 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 valued at $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International in the first quarter worth about $30,000. Finally, Briaud Financial Planning Inc lifted its position in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.7%

PM stock opened at $153.49 on Friday. The stock has a market cap of $238.93 billion, a PE ratio of 27.81, a P/E/G ratio of 1.80 and a beta of 0.42. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The company has a 50-day moving average price of $153.62 and a 200 day moving average price of $165.35.

Philip Morris International (NYSE:PM – Get Free Report) last posted 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 company had revenue of $8.12 billion for the quarter. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

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

Analyst Upgrades and Downgrades

PM has been the subject of several research analyst reports. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a report on Tuesday, October 21st. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. UBS Group lowered their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Finally, Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Check Out Our Latest Analysis on PM

Philip Morris International Profile

(Free Report)

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.

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