Southland Equity Partners LLC Has $1.02 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Southland Equity Partners LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 31.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,486 shares of the company’s stock after purchasing an additional 2,013 shares during the period. Southland Equity Partners LLC’s holdings in Philip Morris International were worth $1,021,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. LexAurum Advisors LLC raised its stake in shares of Philip Morris International by 56.8% in the fourth quarter. LexAurum Advisors LLC now owns 3,159 shares of the company’s stock valued at $380,000 after purchasing an additional 1,144 shares in the last quarter. RFG Advisory LLC increased its holdings in Philip Morris International by 22.1% in the 4th quarter. RFG Advisory LLC now owns 13,625 shares of the company’s stock valued at $1,640,000 after buying an additional 2,465 shares during the period. McGlone Suttner Wealth Management Inc. raised its stake in shares of Philip Morris International by 5.4% in the 4th quarter. McGlone Suttner Wealth Management Inc. now owns 5,506 shares of the company’s stock valued at $663,000 after buying an additional 284 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of Philip Morris International by 2.2% during the 4th quarter. Cornerstone Wealth Management LLC now owns 12,167 shares of the company’s stock worth $1,464,000 after acquiring an additional 264 shares during the period. Finally, Brighton Jones LLC boosted its position in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 2.0 %

Shares of NYSE PM opened at $125.36 on Friday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The company has a 50-day moving average of $125.38 and a two-hundred day moving average of $121.77. The company has a market cap of $194.92 billion, a PE ratio of 19.90, a P/E/G ratio of 2.01 and a beta of 0.54.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.09. The firm had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The business’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.67 EPS. As a group, equities research analysts forecast that Philip Morris International Inc. will post 6.5 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is 85.71%.

Analysts Set New Price Targets

A number of research firms have weighed in on PM. Citigroup lifted their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. The Goldman Sachs Group upped their price target on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Barclays lowered their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $131.35.

About Philip Morris International

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.