John G Ullman & Associates Inc. Invests $218,000 in Philip Morris International Inc. $PM

John G Ullman & Associates Inc. purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,197 shares of the company’s stock, valued at approximately $218,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PM. PFS Partners LLC grew its position in Philip Morris International by 24.8% during the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after buying an additional 58 shares during the period. Perigon Wealth Management LLC grew its position in Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after buying an additional 60 shares during the period. TBH Global Asset Management LLC grew its position in Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock worth $1,100,000 after buying an additional 61 shares during the period. Uncommon Cents Investing LLC grew its position in Philip Morris International by 1.1% during the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after buying an additional 61 shares during the period. Finally, NFP Retirement Inc. grew its position in Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after buying an additional 62 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of NYSE PM opened at $158.08 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The company has a market capitalization of $246.06 billion, a PE ratio of 30.05, a price-to-earnings-growth ratio of 2.31 and a beta of 0.46. The firm’s 50-day moving average is $163.40 and its two-hundred day moving average is $168.82.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The company had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. On average, analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PM shares. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. UBS Group reduced their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International 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.