Koa Wealth Management LLC Has $2.75 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Koa Wealth Management LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 17.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,343 shares of the company’s stock after selling 3,553 shares during the period. Philip Morris International comprises 2.2% of Koa Wealth Management LLC’s portfolio, making the stock its 13th largest holding. Koa Wealth Management LLC’s holdings in Philip Morris International were worth $2,753,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Pacifica Partners Inc. raised its stake in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in Philip Morris International during the first quarter worth $35,000. Ball & Co Wealth Management Inc. acquired a new position in Philip Morris International during the fourth quarter worth $36,000. Ameriflex Group Inc. acquired a new position in Philip Morris International during the fourth quarter worth $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Philip Morris International during the first quarter worth $38,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PM. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday. Needham & Company LLC reiterated a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. KGI Securities assumed coverage on Philip Morris International in a report on Monday. They issued an “outperform” rating on the stock. Barclays reduced their target price on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Finally, Bank of America raised their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $186.27.

Philip Morris International Stock Up 1.2%

Shares of PM opened at $170.23 on Friday. Philip Morris International Inc. has a 12-month low of $115.62 and a 12-month high of $186.69. The business has a 50-day simple moving average of $176.29 and a two-hundred day simple moving average of $163.16. The stock has a market cap of $264.98 billion, a PE ratio of 32.36, a PEG ratio of 2.45 and a beta of 0.48.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The company had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the prior year, the firm posted $1.59 earnings per share. The business’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is currently 102.66%.

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.