Matrix Asset Advisors Inc. NY Sells 133 Shares of Philip Morris International Inc. $PM

Matrix Asset Advisors Inc. NY cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 9.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,229 shares of the company’s stock after selling 133 shares during the period. Matrix Asset Advisors Inc. NY’s holdings in Philip Morris International were worth $224,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of PM. Abound Wealth Management boosted its position in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new position in Philip Morris International in the 1st quarter valued at $30,000. CBIZ Investment Advisory Services LLC boosted its position in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International in the 1st quarter valued at $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in Philip Morris International in the 1st quarter valued at $35,000. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. KGI Securities assumed coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating on the stock. UBS Group decreased their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target on the stock. Finally, Barclays reduced their price target 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 analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International Stock Up 2.3%

NYSE:PM opened at $160.51 on Friday. The firm has a market capitalization of $249.85 billion, a P/E ratio of 30.52, a P/E/G ratio of 2.34 and a beta of 0.46. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock’s fifty day simple moving average is $164.24 and its 200-day simple moving average is $168.77.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 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 120.86% and a net margin of 9.03%. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be paid a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, October 3rd. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is 111.79%.

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.