180 Wealth Advisors LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

180 Wealth Advisors LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,003 shares of the company’s stock, valued at approximately $200,000.

A number of other institutional investors also recently added to or reduced their stakes in PM. Providence Capital Advisors LLC purchased a new position in shares of Philip Morris International during the 1st quarter valued at approximately $27,000. Centiva Capital LP lifted its position in shares of Philip Morris International by 152.2% during the 1st quarter. Centiva Capital LP now owns 13,600 shares of the company’s stock valued at $30,000 after buying an additional 8,208 shares in the last quarter. Evolution Wealth Advisors LLC lifted its position in shares of Philip Morris International by 179.1% during the 2nd quarter. Evolution Wealth Advisors LLC now owns 307 shares of the company’s stock valued at $30,000 after buying an additional 197 shares in the last quarter. Monumental Financial Group Inc. purchased a new position in shares of Philip Morris International during the 2nd quarter valued at approximately $30,000. Finally, Regency Capital Management Inc. DE purchased a new position in shares of Philip Morris International during the 1st quarter valued at approximately $32,000. Institutional investors and hedge funds own 75.05% of the company’s stock.

In related news, CEO Martin G. King sold 21,725 shares of the firm’s stock in a transaction dated Tuesday, July 27th. The stock was sold at an average price of $100.18, for a total transaction of $2,176,410.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Several research firms recently commented on PM. Morgan Stanley reissued a “buy” rating and issued a $110.00 price objective on shares of Philip Morris International in a research note on Friday, July 2nd. Deutsche Bank Aktiengesellschaft increased their price objective on Philip Morris International from $114.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday, August 19th. TheStreet raised Philip Morris International from a “c+” rating to a “b” rating in a research note on Tuesday, July 20th. Finally, Barclays set a $98.59 price objective on Philip Morris International and gave the company an “overweight” rating in a research note on Friday, July 23rd. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $102.60.

Shares of PM opened at $97.47 on Thursday. Philip Morris International Inc. has a 52-week low of $68.93 and a 52-week high of $106.51. The company has a market capitalization of $151.91 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 1.95 and a beta of 0.84. The stock has a fifty day simple moving average of $100.71 and a two-hundred day simple moving average of $97.95.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Monday, July 19th. The company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.02. The firm had revenue of $7.84 billion during the quarter, compared to the consensus estimate of $7.71 billion. Philip Morris International had a negative return on equity of 91.56% and a net margin of 11.13%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. On average, equities analysts expect that Philip Morris International Inc. will post 6.07 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 14th. Investors of record on Wednesday, September 29th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 5.13%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Tuesday, September 28th. Philip Morris International’s dividend payout ratio (DPR) is presently 96.71%.

Philip Morris International Company Profile

Philip Morris International, Inc is a holding company. It engages in manufacturing and sale of cigarettes, tobacco and nicotine-containing products. It operates through the following geographical segments: European Union, Eastern Europe, Middles East & Africa, South & Southeast Asia, East Asia & Australia and Latin America & Canada.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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