Ethos Financial Group LLC Makes New Investment in Philip Morris International Inc. $PM

Ethos Financial Group LLC bought a new position in Philip Morris International Inc. (NYSE:PM) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,567 shares of the company’s stock, valued at approximately $288,000.

A number of other institutional investors also recently modified their holdings of the business. Stone House Investment Management LLC grew its stake in Philip Morris International by 74.1% in the 2nd quarter. Stone House Investment Management LLC now owns 498 shares of the company’s stock valued at $91,000 after buying an additional 212 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in shares of Philip Morris International by 5.4% in the second quarter. Resona Asset Management Co. Ltd. now owns 508,166 shares of the company’s stock worth $92,466,000 after acquiring an additional 25,821 shares during the period. Atlantic Union Bankshares Corp grew its position in shares of Philip Morris International by 12.5% in the second quarter. Atlantic Union Bankshares Corp now owns 89,459 shares of the company’s stock valued at $16,293,000 after purchasing an additional 9,961 shares in the last quarter. SP Asset Management LLC raised its stake in shares of Philip Morris International by 2.2% during the 2nd quarter. SP Asset Management LLC now owns 68,952 shares of the company’s stock valued at $12,558,000 after purchasing an additional 1,502 shares during the period. Finally, Robinson Smith Wealth Advisors LLC purchased a new stake in Philip Morris International during the 2nd quarter worth about $209,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

PM stock opened at $153.26 on Friday. The firm has a 50 day simple moving average of $158.30 and a two-hundred day simple moving average of $168.34. The stock has a market cap of $238.58 billion, a PE ratio of 27.77, a P/E/G ratio of 2.17 and a beta of 0.43. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

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 net margin of 9.33% and a negative return on equity of 122.14%. The company had revenue of $8.12 billion during the quarter. On average, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently declared 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. This represents a $5.88 annualized dividend and a yield of 3.8%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s dividend payout ratio is presently 106.52%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research report on Tuesday, October 21st. KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating on the stock. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Finally, Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday, November 1st. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

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.