TRUE Private Wealth Advisors Increases Holdings in Philip Morris International Inc. $PM

TRUE Private Wealth Advisors increased its stake in Philip Morris International Inc. (NYSE:PM) by 44.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,102 shares of the company’s stock after acquiring an additional 1,875 shares during the period. TRUE Private Wealth Advisors’ holdings in Philip Morris International were worth $1,111,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC increased its position in Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Capstone Wealth Management Group LLC acquired a new stake in Philip Morris International during the first quarter worth approximately $238,000. Ignite Planners LLC increased its stake in shares of Philip Morris International by 19.4% during the 1st quarter. Ignite Planners LLC now owns 11,947 shares of the company’s stock valued at $2,032,000 after acquiring an additional 1,945 shares during the last quarter. Finally, PFG Advisors increased its position in shares of Philip Morris International by 6.5% in the first quarter. PFG Advisors now owns 3,180 shares of the company’s stock worth $505,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PM shares. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Barclays cut their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $189.56.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $156.29 on Wednesday. The firm has a 50-day moving average of $157.08 and a 200-day moving average of $167.63. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The stock has a market cap of $243.29 billion, a PE ratio of 28.21, a PEG ratio of 2.21 and a beta of 0.43.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The business 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%. Equities research analysts predict 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 $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio is currently 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.