Kestra Investment Management LLC Has $3.39 Million Stock Holdings in Philip Morris International Inc. $PM

Kestra Investment Management LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 342.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 18,635 shares of the company’s stock after buying an additional 14,420 shares during the period. Kestra Investment Management LLC’s holdings in Philip Morris International were worth $3,394,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Prudential Financial Inc. boosted its holdings in shares of Philip Morris International by 88.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock worth $389,415,000 after buying an additional 1,006,014 shares during the period. Trek Financial LLC boosted its holdings in shares of Philip Morris International by 732.3% during the second quarter. Trek Financial LLC now owns 42,829 shares of the company’s stock worth $7,801,000 after acquiring an additional 37,683 shares during the period. Klingman & Associates LLC grew its position in shares of Philip Morris International by 44.5% in the second quarter. Klingman & Associates LLC now owns 6,615 shares of the company’s stock valued at $1,205,000 after purchasing an additional 2,038 shares during the last quarter. Brighton Jones LLC increased its stake in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Philip Morris International by 2.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,176,001 shares of the company’s stock worth $578,445,000 after purchasing an additional 63,448 shares during the period. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on PM shares. UBS Group decreased their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research report on Tuesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Philip Morris International Trading Up 1.7%

NYSE PM opened at $153.49 on Friday. The firm’s 50 day simple moving average is $153.62 and its 200 day simple moving average is $165.26. The firm has a market capitalization of $238.93 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 1.83 and a beta of 0.42. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

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

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be issued a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. Philip Morris International’s dividend payout ratio is 106.52%.

Philip Morris International Company Profile

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.