Waldron Private Wealth LLC Decreases Stock Holdings in Philip Morris International Inc. $PM

Waldron Private Wealth LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,643 shares of the company’s stock after selling 102 shares during the quarter. Waldron Private Wealth LLC’s holdings in Philip Morris International were worth $1,219,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. MQS Management LLC purchased a new position in Philip Morris International in the 2nd quarter worth approximately $792,000. Leavell Investment Management Inc. lifted its stake in Philip Morris International by 3.2% in the 2nd quarter. Leavell Investment Management Inc. now owns 11,142 shares of the company’s stock worth $2,044,000 after purchasing an additional 349 shares in the last quarter. CVA Family Office LLC lifted its stake in Philip Morris International by 1.9% in the 2nd quarter. CVA Family Office LLC now owns 8,529 shares of the company’s stock worth $1,553,000 after purchasing an additional 161 shares in the last quarter. Brian Low Financial Group LLC purchased a new position in Philip Morris International in the 2nd quarter worth approximately $1,149,000. Finally, Focus Partners Advisor Solutions LLC lifted its stake in Philip Morris International by 4.5% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 30,279 shares of the company’s stock worth $5,514,000 after purchasing an additional 1,307 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Philip Morris International stock opened at $157.69 on Friday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm has a 50 day moving average price of $162.32 and a 200 day moving average price of $168.98. The company has a market capitalization of $245.45 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.30 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 11.02% 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 forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were issued a $1.47 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.7%. Philip Morris International’s payout ratio is 106.52%.

Analyst Ratings Changes

A number of research analysts have weighed in on PM shares. UBS Group decreased their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. KGI Securities initiated coverage on Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating on the stock. Stifel Nicolaus set a $180.00 price objective on Philip Morris International in a report on Tuesday. Finally, Barclays decreased their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $194.00.

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.