Philip Morris International Inc. $PM Shares Acquired by Advisory Alpha LLC

Advisory Alpha LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 29.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,197 shares of the company’s stock after purchasing an additional 1,848 shares during the quarter. Advisory Alpha LLC’s holdings in Philip Morris International were worth $1,493,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. SYM FINANCIAL Corp increased its stake in Philip Morris International by 30.5% in the 2nd quarter. SYM FINANCIAL Corp now owns 2,433 shares of the company’s stock worth $443,000 after purchasing an additional 569 shares in the last quarter. Lipe & Dalton acquired a new stake in shares of Philip Morris International during the second quarter valued at approximately $72,000. Liberty Wealth Management LLC raised its holdings in shares of Philip Morris International by 5.6% during the second quarter. Liberty Wealth Management LLC now owns 2,238 shares of the company’s stock valued at $408,000 after acquiring an additional 119 shares during the period. Transcend Capital Advisors LLC raised its holdings in shares of Philip Morris International by 30.9% during the second quarter. Transcend Capital Advisors LLC now owns 9,761 shares of the company’s stock valued at $1,778,000 after acquiring an additional 2,307 shares during the period. Finally, Cobblestone Capital Advisors LLC NY raised its holdings in shares of Philip Morris International by 16.2% during the second quarter. Cobblestone Capital Advisors LLC NY now owns 4,555 shares of the company’s stock valued at $830,000 after acquiring an additional 636 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on PM shares. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 21st. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Jefferies Financial Group started coverage on Philip Morris International in a research note on Wednesday, July 9th. They set a “buy” rating and a $220.00 target price on the stock. Finally, JPMorgan Chase & Co. upped their target price on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company 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 $149.84 on Wednesday. The business’s 50-day moving average price is $161.69 and its two-hundred day moving average price is $169.10. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company has a market capitalization of $233.25 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 2.22 and a beta of 0.46.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results 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 negative return on equity of 122.14% and a net margin of 9.33%. On average, equities 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. Shareholders of record on Friday, October 3rd were given a $1.47 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is presently 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.