Vaughan David Investments LLC IL Has $51.28 Million Stake in Philip Morris International Inc. $PM

Vaughan David Investments LLC IL lessened its position in Philip Morris International Inc. (NYSE:PM) by 1.6% in the third quarter, Holdings Channel.com reports. The firm owned 316,153 shares of the company’s stock after selling 5,074 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Philip Morris International were worth $51,280,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PM. Brighton Jones LLC increased its position in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Philip Morris International by 53.7% in the second quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock valued at $1,027,000 after purchasing an additional 1,970 shares during the period. Silver Oak Securities Incorporated boosted its holdings in Philip Morris International by 14.1% in the second quarter. Silver Oak Securities Incorporated now owns 1,240 shares of the company’s stock valued at $226,000 after acquiring an additional 153 shares during the last quarter. Finally, Abound Wealth Management boosted its holdings in Philip Morris International by 566.7% in 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 during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PM shares. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research note on Tuesday, October 21st. Barclays lowered their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Eleven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International Price Performance

Shares of PM opened at $173.66 on Tuesday. Philip Morris International Inc. has a 1 year low of $119.30 and a 1 year high of $186.69. The stock’s fifty day moving average price is $158.09 and its two-hundred day moving average price is $161.62. The firm has a market cap of $270.33 billion, a PE ratio of 31.46, a PEG ratio of 1.87 and a beta of 0.40.

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

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were paid a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.4%. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Philip Morris International Company 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.