CMG Global Holdings LLC Has $931,000 Stake in Philip Morris International Inc. $PM

CMG Global Holdings LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,114 shares of the company’s stock after selling 108 shares during the period. CMG Global Holdings LLC’s holdings in Philip Morris International were worth $931,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PM. PFS Partners LLC raised its holdings in shares of Philip Morris International by 24.8% in the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after purchasing an additional 58 shares during the last quarter. Perigon Wealth Management LLC boosted its holdings 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 purchasing an additional 60 shares during the last quarter. TBH Global Asset Management LLC grew its position in Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock valued at $1,100,000 after purchasing an additional 61 shares in the last quarter. Uncommon Cents Investing LLC increased its stake in Philip Morris International by 1.1% in the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after buying an additional 61 shares during the last quarter. Finally, NFP Retirement Inc. increased its stake in Philip Morris International by 2.5% in the 1st quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock valued at $411,000 after buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PM shares. UBS Group reduced their price objective 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. Needham & Company LLC reiterated a “buy” rating and set a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. boosted their price target 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. Finally, Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International Stock Up 1.3%

NYSE:PM opened at $158.08 on Monday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The firm has a market capitalization of $246.06 billion, a price-to-earnings ratio of 30.05, a P/E/G ratio of 2.31 and a beta of 0.46. The stock’s 50 day moving average price is $163.40 and its two-hundred day moving average price is $168.86.

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

Philip Morris International Increases Dividend

The business 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. 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. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. Philip Morris International’s payout ratio is currently 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.