Global Wealth Management Investment Advisory Inc. Takes Position in Philip Morris International Inc. $PM

Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,248 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $25,000. Abound Wealth Management boosted its position in Philip Morris International by 566.7% during 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 acquired a new position in Philip Morris International during the 1st quarter valued at approximately $30,000. Briaud Financial Planning Inc grew its stake in Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after buying an additional 162 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $153.26 on Monday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock has a market capitalization of $238.58 billion, a PE ratio of 27.77, a price-to-earnings-growth ratio of 2.22 and a beta of 0.43. The firm has a 50 day simple moving average of $158.30 and a 200-day simple moving average of $168.38.

Philip Morris International (NYSE:PM) last released its earnings results 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 negative return on equity of 122.14% and a net margin of 9.33%. On average, 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 announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were paid a dividend of $1.47 per share. 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 3.8%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PM shares. UBS Group cut their target price on 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. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Finally, Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research note on Tuesday, October 21st. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus 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.