Financial Synergies Wealth Advisors Inc. Invests $204,000 in Philip Morris International Inc. $PM

Financial Synergies Wealth Advisors Inc. purchased a new position in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,122 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. WCM Investment Management LLC grew its holdings in Philip Morris International by 24,968.0% during the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after acquiring an additional 11,230,626 shares in the last quarter. Nuveen LLC bought a new position in Philip Morris International during the 1st quarter worth about $1,712,994,000. Wellington Management Group LLP grew its holdings in Philip Morris International by 26.4% during the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in Philip Morris International by 57.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after acquiring an additional 3,575,158 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Philip Morris International by 22.2% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company’s stock worth $1,431,527,000 after acquiring an additional 1,635,636 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PM shares. JPMorgan Chase & Co. increased their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Finally, Barclays lowered their price target on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International Stock Up 1.3%

Shares of Philip Morris International stock opened at $158.08 on Friday. The firm has a market capitalization of $246.06 billion, a P/E ratio of 30.05, a PEG ratio of 2.31 and a beta of 0.46. The company has a 50 day moving average price of $163.40 and a 200 day moving average price of $168.82. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. As a group, research analysts anticipate 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. Investors of record on Friday, October 3rd will be given a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. 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 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.