PDS Planning Inc Boosts Stock Position in Philip Morris International Inc. $PM

PDS Planning Inc lifted its stake in Philip Morris International Inc. (NYSE:PM) by 15.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,765 shares of the company’s stock after acquiring an additional 782 shares during the period. PDS Planning Inc’s holdings in Philip Morris International were worth $1,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JB Capital LLC raised its stake in shares of Philip Morris International by 4.7% during the 2nd quarter. JB Capital LLC now owns 5,719 shares of the company’s stock valued at $1,042,000 after purchasing an additional 259 shares during the period. Blue Trust Inc. raised its stake in shares of Philip Morris International by 13.2% during the 2nd quarter. Blue Trust Inc. now owns 27,526 shares of the company’s stock valued at $5,013,000 after purchasing an additional 3,211 shares during the period. Thompson Investment Management Inc. raised its stake in shares of Philip Morris International by 4.8% during the 2nd quarter. Thompson Investment Management Inc. now owns 1,867 shares of the company’s stock valued at $340,000 after purchasing an additional 85 shares during the period. Cascade Investment Group Inc. bought a new stake in shares of Philip Morris International during the 2nd quarter valued at $224,000. Finally, Costello Asset Management INC raised its stake in shares of Philip Morris International by 3.1% during the 2nd quarter. Costello Asset Management INC now owns 2,440 shares of the company’s stock valued at $444,000 after purchasing an additional 74 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 2.3%

PM opened at $160.51 on Friday. The stock has a 50-day moving average price of $164.24 and a 200-day moving average price of $168.67. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock has a market capitalization of $249.85 billion, a P/E ratio of 30.52, a PEG ratio of 2.29 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $8.12 billion during the quarter. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) is currently 111.79%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays decreased their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 30th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Jefferies Financial Group started coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Finally, Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.44.

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.