Earned Wealth Advisors LLC Buys 586 Shares of Philip Morris International Inc. $PM

Earned Wealth Advisors LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM) by 11.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 5,647 shares of the company’s stock after acquiring an additional 586 shares during the period. Earned Wealth Advisors LLC’s holdings in Philip Morris International were worth $1,028,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PM. Abound Wealth Management boosted its position in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International in the 1st quarter worth approximately $30,000. Briaud Financial Planning Inc boosted its position in shares of 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 in the last quarter. CBIZ Investment Advisory Services LLC boosted its position 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 worth $32,000 after purchasing an additional 162 shares in 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.

Philip Morris International Price Performance

NYSE PM opened at $145.83 on Friday. The business’s fifty day moving average price is $160.60 and its 200-day moving average price is $168.89. The stock has a market capitalization of $227.00 billion, a price-to-earnings ratio of 26.42, a PEG ratio of 2.13 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 issued its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The firm had revenue of $8.12 billion for the quarter. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were given a $1.47 dividend. The ex-dividend date was 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 yield of 4.0%. Philip Morris International’s payout ratio is 106.52%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Jefferies Financial Group started coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price on the stock. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $194.00.

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.