Park Edge Advisors LLC Purchases 7,753 Shares of Philip Morris International Inc. $PM

Park Edge Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 416.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,615 shares of the company’s stock after buying an additional 7,753 shares during the period. Park Edge Advisors LLC’s holdings in Philip Morris International were worth $1,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new position in shares of Philip Morris International during the second quarter worth $25,000. Traub Capital Management LLC purchased a new stake in shares of Philip Morris International during the second quarter worth about $25,000. Abound Wealth Management grew its stake in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International in the 1st quarter worth approximately $30,000. Finally, Briaud Financial Planning Inc grew its position in Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after purchasing an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.8%

PM stock opened at $157.27 on Friday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The company’s 50-day simple moving average is $153.86 and its 200-day simple moving average is $164.77. The firm has a market cap of $244.81 billion, a P/E ratio of 28.49, a PEG ratio of 1.89 and a beta of 0.42.

Philip Morris International (NYSE:PM) last announced 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 business had revenue of $8.12 billion during the quarter. On average, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be given a $1.47 dividend. The ex-dividend date is Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PM. JPMorgan Chase & Co. lowered their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Barclays lowered their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. UBS Group reduced their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Finally, Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $189.00.

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.