Fiduciary Wealth Partners LLC Has $221,000 Stock Position in Philip Morris International Inc. $PM

Fiduciary Wealth Partners LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 72.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,211 shares of the company’s stock after purchasing an additional 510 shares during the period. Fiduciary Wealth Partners LLC’s holdings in Philip Morris International were worth $221,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Abound Wealth Management raised its position 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 acquiring an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the 1st quarter worth $30,000. Briaud Financial Planning Inc raised its holdings in shares of Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares in the last quarter. CBIZ Investment Advisory Services LLC lifted its stake in shares of Philip Morris International by 405.0% in the 1st 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 bought a new stake in Philip Morris International in the first quarter worth $34,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a report on Tuesday. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Saturday. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

Philip Morris International Stock Performance

Shares of PM opened at $157.69 on Friday. The company has a 50-day simple moving average of $162.32 and a 200-day simple moving average of $168.98. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The firm 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 (NYSE:PM) last released 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 negative return on equity of 122.14% and a net margin of 11.02%. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The company 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. The ex-dividend date was Friday, October 3rd. This is a positive change 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%. Philip Morris International’s dividend payout ratio is currently 106.52%.

About Philip Morris International

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.