Philip Morris International Inc. $PM Stock Position Lifted by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 10.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 549,481 shares of the company’s stock after purchasing an additional 51,399 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Philip Morris International were worth $84,922,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in PM. WCM Investment Management LLC increased its holdings in Philip Morris International by 24,968.0% in the second 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. Vanguard Group Inc. increased its holdings in shares of Philip Morris International by 1.6% in the second quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after purchasing an additional 2,235,380 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Philip Morris International by 69.0% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock valued at $821,826,000 after buying an additional 1,842,754 shares during the period. Prudential Financial Inc. lifted its stake in Philip Morris International by 88.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after acquiring an additional 1,006,014 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in Philip Morris International by 142.2% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,512,514 shares of the company’s stock valued at $275,474,000 after buying an additional 888,148 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on PM shares. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Barclays reduced their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Jefferies Financial Group lowered shares of Philip Morris International from a “buy” rating to a “hold” rating and lowered their target price for the stock from $220.00 to $180.00 in a report on Tuesday. Finally, Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $184.56.

Philip Morris International Stock Performance

Shares of PM traded down $5.66 during mid-day trading on Tuesday, reaching $167.96. The company had a trading volume of 544,117 shares, compared to its average volume of 4,862,654. The company has a market capitalization of $261.46 billion, a price-to-earnings ratio of 30.54, a price-to-earnings-growth ratio of 1.87 and a beta of 0.40. The firm has a 50-day moving average price of $158.09 and a 200 day moving average price of $161.62. Philip Morris International Inc. has a 52 week low of $122.22 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM) last released its earnings results on Friday, October 24th. The company reported $2.24 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.14. The firm had revenue of $10.85 billion for the quarter, compared to analysts’ expectations of $10.67 billion. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.91 earnings per share. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were issued a $1.47 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.5%. Philip Morris International’s dividend payout ratio is currently 106.52%.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.