Philip Morris International Inc. $PM Shares Purchased by Nicholas Wealth LLC.

Nicholas Wealth LLC. grew its stake in Philip Morris International Inc. (NYSE:PM) by 5.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 6,712 shares of the company’s stock after buying an additional 351 shares during the period. Nicholas Wealth LLC.’s holdings in Philip Morris International were worth $1,222,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Legacy Investment Solutions LLC purchased a new position in shares of Philip Morris International in the second quarter worth about $25,000. Traub Capital Management LLC purchased a new position in Philip Morris International during the 2nd quarter worth approximately $25,000. Abound Wealth Management raised 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 worth $29,000 after buying an additional 136 shares during the last quarter. Briaud Financial Planning Inc lifted 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 valued at $30,000 after acquiring an additional 120 shares during the period. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International in the 1st quarter valued at $30,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PM has been the subject of several recent research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. KGI Securities began coverage on Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Barclays decreased their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.56.

Philip Morris International Trading Up 2.2%

NYSE:PM opened at $156.05 on Wednesday. The stock has a 50 day moving average of $157.08 and a two-hundred day moving average of $167.63. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The firm has a market cap of $242.92 billion, a P/E ratio of 28.27, a price-to-earnings-growth ratio of 2.21 and a beta of 0.43.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm had revenue of $8.12 billion for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business 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 represents a $5.88 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is presently 106.52%.

Philip Morris International Company 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.