Holistic Financial Partners Invests $267,000 in Philip Morris International Inc. $PM

Holistic Financial Partners purchased a new position in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,464 shares of the company’s stock, valued at approximately $267,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Philip Morris International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company’s stock worth $22,320,878,000 after purchasing an additional 1,189,283 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after purchasing an additional 4,563,632 shares during the last quarter. WCM Investment Management LLC raised its position in Philip Morris International by 24,968.0% in the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after buying an additional 11,230,626 shares during the last quarter. Nuveen LLC purchased a new position in Philip Morris International in the 1st quarter worth about $1,712,994,000. Finally, Goldman Sachs Group Inc. raised its position in Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent analyst reports. UBS Group decreased their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Barclays decreased their target price on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research report on Wednesday, July 30th. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Finally, Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday, October 21st. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $194.00.

Philip Morris International Stock Up 0.2%

NYSE PM opened at $144.58 on Tuesday. 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 $225.06 billion, a P/E ratio of 26.19, a PEG ratio of 2.09 and a beta of 0.43. The company has a 50-day moving average price of $159.59 and a 200-day moving average price of $168.79.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS 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 during the quarter. As a group, 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. Stockholders of record on Friday, October 3rd were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s 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.