Buck Wealth Strategies LLC Raises Stock Position in Philip Morris International Inc. $PM

Buck Wealth Strategies LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 9.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,512 shares of the company’s stock after purchasing an additional 133 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Philip Morris International were worth $275,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PM. Brighton Jones LLC increased its position in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares during the period. Mather Group LLC. grew its position in shares of Philip Morris International by 20.8% in the 1st quarter. Mather Group LLC. now owns 15,465 shares of the company’s stock worth $2,455,000 after buying an additional 2,664 shares during the period. Yukon Wealth Management Inc. purchased a new stake in shares of Philip Morris International in the 1st quarter worth about $580,000. Finally, Rossby Financial LCC purchased a new stake in shares of Philip Morris International in the 1st quarter worth about $287,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

PM opened at $146.58 on Thursday. The stock has a market capitalization of $228.17 billion, a P/E ratio of 26.55, a P/E/G ratio of 2.17 and a beta of 0.46. The company’s 50-day simple moving average is $161.17 and its two-hundred day simple moving average is $169.05. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (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%. Research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were paid a dividend of $1.47 per share. The ex-dividend date was Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 4.0%. 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 106.52%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Barclays dropped their price target on shares of 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. Finally, Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and an average target price of $194.00.

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.