Leavell Investment Management Inc. Has $2.04 Million Position in Philip Morris International Inc. $PM

Leavell Investment Management Inc. increased its holdings in Philip Morris International Inc. (NYSE:PM) by 3.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 11,142 shares of the company’s stock after buying an additional 349 shares during the quarter. Leavell Investment Management Inc.’s holdings in Philip Morris International were worth $2,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. CVA Family Office LLC grew its stake in shares of Philip Morris International by 1.9% in the 2nd quarter. CVA Family Office LLC now owns 8,529 shares of the company’s stock valued at $1,553,000 after purchasing an additional 161 shares during the period. Brian Low Financial Group LLC bought a new position in shares of Philip Morris International during the 2nd quarter worth approximately $1,149,000. Focus Partners Advisor Solutions LLC boosted its stake in Philip Morris International by 4.5% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 30,279 shares of the company’s stock valued at $5,514,000 after buying an additional 1,307 shares in the last quarter. Hobart Private Capital LLC bought a new stake in Philip Morris International in the second quarter valued at $312,000. Finally, Peterson Wealth Services grew its position in Philip Morris International by 3.5% in the second quarter. Peterson Wealth Services now owns 33,233 shares of the company’s stock valued at $6,053,000 after acquiring an additional 1,135 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.0%

Shares of PM stock opened at $157.69 on Friday. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm’s 50 day moving average is $162.32 and its 200-day moving average is $168.98. The firm has a market capitalization of $245.45 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.30 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The firm 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%. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company 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. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is currently 106.52%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PM. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Saturday. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group decreased their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating for the company. Finally, Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $194.00.

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.