Parkside Financial Bank & Trust Purchases 968 Shares of Philip Morris International Inc. $PM

Parkside Financial Bank & Trust increased its holdings in Philip Morris International Inc. (NYSE:PM) by 8.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,037 shares of the company’s stock after acquiring an additional 968 shares during the period. Parkside Financial Bank & Trust’s holdings in Philip Morris International were worth $2,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Keystone Financial Services boosted its holdings in Philip Morris International by 1.7% in the 2nd quarter. Keystone Financial Services now owns 11,140 shares of the company’s stock worth $2,029,000 after buying an additional 184 shares during the period. Aviva PLC lifted its position in Philip Morris International by 0.6% in the second quarter. Aviva PLC now owns 59,964 shares of the company’s stock valued at $10,921,000 after purchasing an additional 387 shares during the last quarter. Prospera Financial Services Inc boosted its stake in shares of Philip Morris International by 37.4% during the second quarter. Prospera Financial Services Inc now owns 25,780 shares of the company’s stock valued at $4,697,000 after purchasing an additional 7,014 shares during the period. RWA Wealth Partners LLC grew its holdings in shares of Philip Morris International by 3.8% in the second quarter. RWA Wealth Partners LLC now owns 10,762 shares of the company’s stock worth $1,960,000 after purchasing an additional 396 shares during the last quarter. Finally, Bensler LLC purchased a new position in shares of Philip Morris International in the second quarter worth $285,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of NYSE PM opened at $153.26 on Friday. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm has a 50-day moving average of $158.30 and a 200 day moving average of $168.34. The stock has a market cap of $238.58 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 2.17 and a beta of 0.43.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The business had revenue of $8.12 billion during the quarter. Research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share 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. Stockholders of record on Friday, October 3rd were paid a $1.47 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is currently 106.52%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a report on Tuesday, October 21st. KGI Securities assumed coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

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.