Werba Rubin Papier Wealth Management Takes Position in Philip Morris International Inc. $PM

Werba Rubin Papier Wealth Management purchased a new position in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,145 shares of the company’s stock, valued at approximately $209,000.

Other hedge funds also recently bought and sold shares of the company. Abound Wealth Management boosted its stake in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new position in Philip Morris International in the 1st quarter worth about $30,000. CBIZ Investment Advisory Services LLC boosted its stake 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 worth $32,000 after purchasing an additional 162 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International in the 1st quarter worth about $34,000. Finally, Redmont Wealth Advisors LLC bought a new position in Philip Morris International in the 1st quarter worth about $35,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PM. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $175.00 to $190.00 and gave the stock 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 target price for the company. Needham & Company LLC reissued a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Finally, KGI Securities began coverage on Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International Stock Down 1.2%

NYSE PM opened at $155.82 on Friday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The firm has a market capitalization of $242.55 billion, a P/E ratio of 29.62, a PEG ratio of 2.30 and a beta of 0.46. The company has a 50-day moving average price of $163.64 and a 200-day moving average price of $168.73.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm had revenue of $8.12 billion during the quarter. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is currently 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.