waypoint wealth counsel Raises Holdings in Philip Morris International Inc. $PM

waypoint wealth counsel increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 45.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,884 shares of the company’s stock after purchasing an additional 592 shares during the quarter. waypoint wealth counsel’s holdings in Philip Morris International were worth $343,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Investment Advisory Group LLC purchased a new stake in shares of Philip Morris International in the 2nd quarter valued at approximately $218,000. Apollon Wealth Management LLC grew its position in Philip Morris International by 16.7% in the second quarter. Apollon Wealth Management LLC now owns 63,450 shares of the company’s stock worth $11,556,000 after acquiring an additional 9,074 shares during the period. Hemington Wealth Management grew its position in Philip Morris International by 6.7% in the second quarter. Hemington Wealth Management now owns 2,516 shares of the company’s stock worth $458,000 after acquiring an additional 157 shares during the period. Fifth Third Wealth Advisors LLC grew its position in Philip Morris International by 47.0% in the second quarter. Fifth Third Wealth Advisors LLC now owns 46,697 shares of the company’s stock worth $8,505,000 after acquiring an additional 14,940 shares during the period. Finally, Trust Co. of Toledo NA OH grew its position in Philip Morris International by 1.6% in the second quarter. Trust Co. of Toledo NA OH now owns 18,342 shares of the company’s stock worth $3,341,000 after acquiring an additional 286 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 2.3%

Philip Morris International stock opened at $160.51 on Friday. The stock has a market cap of $249.85 billion, a P/E ratio of 30.52, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46. The company has a fifty day simple moving average of $164.24 and a 200-day simple moving average of $168.77. 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 data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $8.12 billion during the quarter. As a group, sell-side analysts forecast 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 will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.7%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is currently 111.79%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. KGI Securities began coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday. Needham & Company LLC restated a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $195.44.

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.