Vanguard Personalized Indexing Management LLC Has $37.08 Million Stock Holdings in Philip Morris International Inc. $PM

Vanguard Personalized Indexing Management LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 28.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 203,550 shares of the company’s stock after buying an additional 44,473 shares during the period. Philip Morris International accounts for approximately 0.4% of Vanguard Personalized Indexing Management LLC’s investment portfolio, making the stock its 29th biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Philip Morris International were worth $37,081,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Abound Wealth Management boosted its stake in Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International during the 1st quarter valued at about $30,000. CBIZ Investment Advisory Services LLC boosted its stake in Philip Morris International by 405.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in Philip Morris International during the 1st quarter valued at about $34,000. Finally, Redmont Wealth Advisors LLC acquired a new position in Philip Morris International during the 1st quarter valued at about $35,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 2.3%

Shares of NYSE PM opened at $160.51 on Friday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The stock’s 50 day moving average price is $164.24 and its 200-day moving average price is $168.77. The company has a market capitalization of $249.85 billion, a PE ratio of 30.52, a PEG ratio of 2.34 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The company had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a $1.47 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. Philip Morris International’s payout ratio is presently 111.79%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PM. Needham & Company LLC reiterated a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Barclays cut their price target on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a research note on Wednesday, July 30th. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International 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.