Western Wealth Management LLC Raises Stock Holdings in Philip Morris International Inc. $PM

Western Wealth Management LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM) by 12.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,982 shares of the company’s stock after purchasing an additional 536 shares during the quarter. Western Wealth Management LLC’s holdings in Philip Morris International were worth $907,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PM. PFS Partners LLC boosted its position in Philip Morris International by 24.8% in the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after buying an additional 58 shares during the last quarter. Uncommon Cents Investing LLC lifted its stake in Philip Morris International by 1.1% during the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after acquiring an additional 61 shares during the period. NFP Retirement Inc. boosted its holdings in shares of Philip Morris International by 2.5% in the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock valued at $411,000 after acquiring an additional 62 shares during the last quarter. Cranbrook Wealth Management LLC increased its stake 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 acquiring an additional 62 shares during the period. Finally, Renasant Bank lifted its position in Philip Morris International by 3.3% during the first quarter. Renasant Bank now owns 1,994 shares of the company’s stock valued at $317,000 after purchasing an additional 63 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Down 1.7%

PM stock opened at $152.78 on Tuesday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The firm has a 50-day simple moving average of $157.26 and a 200-day simple moving average of $167.74. The stock has a market capitalization of $237.82 billion, a P/E ratio of 27.68, a P/E/G ratio of 2.25 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 for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The firm had revenue of $8.12 billion for the quarter. On average, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were given a dividend of $1.47 per share. The ex-dividend date was Friday, October 3rd. 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 dividend yield of 3.8%. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Analyst Ratings Changes

PM has been the topic of several analyst reports. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Finally, KGI Securities began coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating for the company. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $189.56.

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.