Ballast Advisors LLC Acquires Shares of 1,257 Philip Morris International Inc. $PM

Ballast Advisors LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, Holdings Channel reports. The fund acquired 1,257 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors have also recently bought and sold shares of the company. Abound Wealth Management boosted its holdings in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA bought a new stake in Philip Morris International in the 1st quarter valued at about $30,000. Briaud Financial Planning Inc boosted its holdings in Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares during the period. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 162 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International during the 1st quarter worth approximately $34,000. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. KGI Securities assumed coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating on the stock. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Barclays decreased their price target on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday. Twelve 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 a consensus rating of “Moderate Buy” and a consensus price target of $194.00.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $157.69 on Friday. The company has a market cap of $245.45 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.30 and a beta of 0.46. The firm has a 50 day simple moving average of $162.32 and a 200 day simple moving average of $168.98. 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 EPS for the quarter. The business had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 11.02% and a negative return on equity of 122.14%. As a group, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were paid a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. Philip Morris International’s payout ratio is 106.52%.

Philip Morris International Profile

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.