Wealth Enhancement Advisory Services LLC Grows Position in Philip Morris International Inc. $PM

Wealth Enhancement Advisory Services LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 10.3% in the third quarter, HoldingsChannel reports. The fund owned 549,481 shares of the company’s stock after acquiring an additional 51,399 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Philip Morris International were worth $84,922,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Legacy Investment Solutions LLC purchased a new position in Philip Morris International in the 2nd quarter worth approximately $25,000. Traub Capital Management LLC acquired a new stake in Philip Morris International during the second quarter worth approximately $25,000. Marquette Asset Management LLC boosted its position in shares of Philip Morris International by 1,677.8% in the 3rd quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock valued at $26,000 after purchasing an additional 151 shares during the period. Abound Wealth Management grew its holdings 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 buying an additional 136 shares during the last quarter. Finally, Briaud Financial Planning Inc boosted its stake in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 3.3%

Shares of PM stock traded down $5.66 during trading on Tuesday, reaching $167.96. The company’s stock had a trading volume of 544,117 shares, compared to its average volume of 4,862,654. Philip Morris International Inc. has a one year low of $122.22 and a one year high of $186.69. The company has a market cap 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 business has a fifty day moving average price of $158.09 and a 200-day moving average price of $161.62.

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

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio is presently 106.52%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. 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. 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 Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday, October 21st. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $184.56.

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.