1,715 Shares in Philip Morris International Inc. $PM Purchased by Hobart Private Capital LLC

Hobart Private Capital LLC purchased a new position in Philip Morris International Inc. (NYSE:PM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,715 shares of the company’s stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Abound Wealth Management lifted its holdings in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Briaud Financial Planning Inc lifted its holdings in Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Philip Morris International during the first quarter valued at about $30,000. CBIZ Investment Advisory Services LLC lifted its holdings in Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 162 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd purchased a new stake in Philip Morris International during the first quarter valued at about $34,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of PM opened at $157.69 on Friday. The firm’s 50 day simple moving average is $162.32 and its 200 day simple moving average is $168.83. The company has a market capitalization of $245.45 billion, a P/E ratio of 28.57, a P/E/G ratio of 2.30 and a beta of 0.46. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The business had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 11.02% and a negative return on equity of 122.14%. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were paid a $1.47 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is 106.52%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Wall Street Zen downgraded 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. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday. Finally, UBS Group lowered 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. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

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.