Fort Washington Investment Advisors Inc. OH Buys 5,300 Shares of Philip Morris International Inc. $PM

Fort Washington Investment Advisors Inc. OH raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,522,509 shares of the company’s stock after purchasing an additional 5,300 shares during the period. Philip Morris International accounts for 1.3% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 15th largest holding. Fort Washington Investment Advisors Inc. OH owned 0.10% of Philip Morris International worth $246,951,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Legacy Investment Solutions LLC acquired a new position in Philip Morris International in the 2nd quarter valued at $25,000. Traub Capital Management LLC bought a new stake in Philip Morris International during the second quarter valued at about $25,000. Abound Wealth Management boosted its holdings in Philip Morris International by 566.7% during 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 period. Briaud Financial Planning Inc grew its position 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 purchasing an additional 120 shares during the last quarter. Finally, Estabrook Capital Management bought a new position in shares of Philip Morris International in the second quarter worth about $30,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.4%

PM opened at $161.76 on Tuesday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The stock has a market capitalization of $251.81 billion, a PE ratio of 29.31, a PEG ratio of 1.93 and a beta of 0.42. The firm has a 50-day moving average price of $154.23 and a two-hundred day moving average price of $163.51.

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

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PM. JPMorgan Chase & Co. decreased their target price on 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. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. UBS Group decreased their price target 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. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

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.