Earned Wealth Advisors LLC Buys 586 Shares of Philip Morris International Inc. $PM

Earned Wealth Advisors LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 11.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,647 shares of the company’s stock after buying an additional 586 shares during the period. Earned Wealth Advisors LLC’s holdings in Philip Morris International were worth $1,028,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PFS Partners LLC increased its holdings in Philip Morris International by 24.8% during the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after acquiring an additional 58 shares during the period. Uncommon Cents Investing LLC increased its holdings in shares of Philip Morris International by 1.1% in the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after purchasing an additional 61 shares during the period. NFP Retirement Inc. increased its holdings in shares of Philip Morris International by 2.5% in the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after purchasing an additional 62 shares during the period. Cranbrook Wealth Management LLC increased its holdings in shares of Philip Morris International by 6.5% in the second quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock worth $185,000 after purchasing an additional 62 shares during the period. Finally, Renasant Bank increased its holdings in shares of Philip Morris International by 3.3% in the first quarter. Renasant Bank now owns 1,994 shares of the company’s stock worth $317,000 after purchasing an additional 63 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.6%

Shares of Philip Morris International stock opened at $145.83 on Friday. The firm has a market capitalization of $227.00 billion, a PE ratio of 26.42, a price-to-earnings-growth ratio of 2.13 and a beta of 0.46. The business’s 50-day moving average price is $160.60 and its 200-day moving average price is $168.89. 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 issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The business had revenue of $8.12 billion for the quarter. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 4.0%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is 106.52%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PM. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price objective on the stock. KGI Securities assumed coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating on the stock. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, UBS Group decreased their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Twelve 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 an average rating of “Moderate Buy” and a consensus price target of $194.00.

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.