Whipplewood Advisors LLC Raises Holdings in Philip Morris International Inc. $PM

Whipplewood Advisors LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,295 shares of the company’s stock after purchasing an additional 70 shares during the period. Whipplewood Advisors LLC’s holdings in Philip Morris International were worth $418,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Abound Wealth Management increased its holdings in shares of 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 acquiring an additional 136 shares during the period. Briaud Financial Planning Inc increased its stake in Philip Morris International by 266.7% in the second 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. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International in the first quarter valued at about $30,000. CBIZ Investment Advisory Services LLC raised its holdings in shares of Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Philip Morris International during the first quarter worth about $34,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PM. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. KGI Securities started coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating for the company. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has an average 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 50-day simple moving average of $162.32 and a 200-day simple moving average of $168.98. The company has a market cap of $245.45 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The firm had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 11.02% and a negative return on equity of 122.14%. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were paid a $1.47 dividend. The ex-dividend date 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 yield of 3.7%. Philip Morris International’s payout ratio is currently 106.52%.

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.