Astoria Portfolio Advisors LLC. Has $1.24 Million Stock Holdings in Philip Morris International Inc. $PM

Astoria Portfolio Advisors LLC. lessened its position in Philip Morris International Inc. (NYSE:PM) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,823 shares of the company’s stock after selling 396 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in Philip Morris International were worth $1,243,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PM. Abound Wealth Management raised its holdings in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in Philip Morris International during the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC raised its holdings in Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International during the first quarter worth about $34,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Philip Morris International during the first quarter worth about $35,000. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price on the stock. JPMorgan Chase & Co. upped their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. KGI Securities started coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International Stock Up 2.3%

Shares of NYSE:PM opened at $160.51 on Monday. The business has a fifty day simple moving average of $164.24 and a 200 day simple moving average of $168.87. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The firm has a market cap of $249.85 billion, a P/E ratio of 30.52, a P/E/G ratio of 2.34 and a beta of 0.46.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $8.12 billion during the quarter. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.79%.

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.