Code Waechter LLC Sells 356 Shares of Philip Morris International Inc. $PM

Code Waechter LLC lowered its position in Philip Morris International Inc. (NYSE:PM) by 15.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,895 shares of the company’s stock after selling 356 shares during the period. Code Waechter LLC’s holdings in Philip Morris International were worth $345,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Abound Wealth Management grew its holdings in shares of Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International in the first quarter worth $30,000. Briaud Financial Planning Inc grew its holdings in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 120 shares during the period. CBIZ Investment Advisory Services LLC grew its holdings in shares of Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 162 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Philip Morris International in the first quarter worth $34,000. Institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. UBS Group lowered their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. KGI Securities initiated coverage on Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Barclays lowered their target price on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $194.00.

Philip Morris International Stock Up 0.2%

Shares of Philip Morris International stock opened at $144.58 on Tuesday. The stock’s 50-day simple moving average is $159.59 and its 200-day simple moving average is $168.79. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The company has a market capitalization of $225.06 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 2.09 and a beta of 0.43.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The business had revenue of $8.12 billion for the quarter. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were given 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 annualized dividend and a dividend yield of 4.1%. Philip Morris International’s dividend payout ratio (DPR) is presently 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.