Perennial Investment Advisors LLC Has $417,000 Stock Position in Philip Morris International Inc. $PM

Perennial Investment Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 22.0% in the second quarter, Holdings Channel.com reports. The fund owned 2,291 shares of the company’s stock after buying an additional 413 shares during the period. Perennial Investment Advisors LLC’s holdings in Philip Morris International were worth $417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. JW Asset Management LLC boosted its stake in Philip Morris International by 48.3% during the second quarter. JW Asset Management LLC now owns 15,350 shares of the company’s stock worth $2,796,000 after buying an additional 5,000 shares in the last quarter. United Advisor Group LLC raised its stake in shares of Philip Morris International by 2.8% in the 2nd quarter. United Advisor Group LLC now owns 10,437 shares of the company’s stock valued at $1,901,000 after buying an additional 289 shares in the last quarter. First American Trust FSB lifted its holdings in shares of Philip Morris International by 2.3% during the 2nd quarter. First American Trust FSB now owns 57,666 shares of the company’s stock worth $10,503,000 after acquiring an additional 1,284 shares during the period. Vanguard Group Inc. boosted its position in shares of Philip Morris International by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after acquiring an additional 2,235,380 shares in the last quarter. Finally, Invenio Wealth Partners LLC boosted its position in shares of Philip Morris International by 105.2% during the 2nd quarter. Invenio Wealth Partners LLC now owns 2,994 shares of the company’s stock valued at $545,000 after acquiring an additional 1,535 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Needham & Company LLC reissued a “buy” rating and set a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $189.56.

Philip Morris International Stock Down 0.3%

Philip Morris International stock opened at $155.46 on Thursday. The stock has a 50-day simple moving average of $156.88 and a 200 day simple moving average of $167.55. The stock has a market capitalization of $241.99 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.84 and a beta of 0.43. 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 posted its quarterly earnings data 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 during the quarter. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were given a $1.47 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.8%. Philip Morris International’s dividend 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.