Drucker Wealth 3.0 LLC Has $6.95 Million Stock Position in Philip Morris International Inc. $PM

Drucker Wealth 3.0 LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 6.4% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,073 shares of the company’s stock after selling 2,667 shares during the quarter. Philip Morris International comprises 1.3% of Drucker Wealth 3.0 LLC’s holdings, making the stock its 17th biggest position. Drucker Wealth 3.0 LLC’s holdings in Philip Morris International were worth $6,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of PM. Abound Wealth Management raised its stake in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International in the first quarter valued at about $30,000. CBIZ Investment Advisory Services LLC raised its stake in Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in Philip Morris International in the first quarter valued at about $34,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Philip Morris International in the first quarter valued at about $35,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of analyst reports. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday. KGI Securities initiated coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Barclays decreased their target price on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International Stock Up 2.3%

Philip Morris International stock opened at $160.51 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The business’s 50-day moving average price is $164.24 and its two-hundred day moving average price is $168.67. The stock has a market cap of $249.85 billion, a PE ratio of 30.52, a P/E/G ratio of 2.29 and a beta of 0.46.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (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 120.86% and a net margin of 9.03%. As a group, 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 will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is presently 111.79%.

About Philip Morris International

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.