Philip Morris International Inc. $PM Stock Position Decreased by 180 Wealth Advisors LLC

180 Wealth Advisors LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,980 shares of the company’s stock after selling 69 shares during the period. 180 Wealth Advisors LLC’s holdings in Philip Morris International were worth $725,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PM. Prentice Wealth Management LLC grew its position in Philip Morris International by 30.7% in the 2nd quarter. Prentice Wealth Management LLC now owns 1,969 shares of the company’s stock worth $359,000 after purchasing an additional 462 shares during the last quarter. Avion Wealth grew its position in Philip Morris International by 73.5% in the 2nd quarter. Avion Wealth now owns 229 shares of the company’s stock worth $41,000 after purchasing an additional 97 shares during the last quarter. Briaud Financial Planning Inc grew its position in Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after purchasing an additional 120 shares during the last quarter. FSM Wealth Advisors LLC grew its position in Philip Morris International by 18.3% in the 2nd quarter. FSM Wealth Advisors LLC now owns 4,304 shares of the company’s stock worth $780,000 after purchasing an additional 667 shares during the last quarter. Finally, Hoge Financial Services LLC grew its position in Philip Morris International by 6.1% in the 2nd quarter. Hoge Financial Services LLC now owns 1,429 shares of the company’s stock worth $261,000 after purchasing an additional 82 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PM. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday. KGI Securities began coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating for the company. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $194.00.

Philip Morris International Price Performance

Philip Morris International stock opened at $157.69 on Friday. The firm has a 50 day simple moving average of $162.32 and a 200-day simple moving average of $168.83. The stock has a market capitalization of $245.45 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.

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

Philip Morris International Increases Dividend

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

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.