Tarbox Family Office Inc. Makes New $205,000 Investment in Philip Morris International Inc. $PM

Tarbox Family Office Inc. acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the second quarter, HoldingsChannel reports. The firm acquired 1,128 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PM. Vanguard Group Inc. increased its holdings in Philip Morris International by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after buying an additional 2,235,380 shares during the period. Geode Capital Management LLC increased its stake in Philip Morris International by 1.8% in the second quarter. Geode Capital Management LLC now owns 37,181,107 shares of the company’s stock valued at $6,760,346,000 after acquiring an additional 672,983 shares during the period. Wellington Management Group LLP raised its position in Philip Morris International by 26.4% in the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock worth $3,466,730,000 after purchasing an additional 4,563,632 shares in the last quarter. WCM Investment Management LLC lifted its stake in Philip Morris International by 24,968.0% during the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after purchasing an additional 11,230,626 shares during the period. Finally, Nuveen LLC acquired a new stake in Philip Morris International during the first quarter valued at approximately $1,712,994,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PM. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Needham & Company LLC reiterated a “buy” rating and set a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. UBS Group lowered their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Finally, Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $189.56.

Philip Morris International Stock Down 0.3%

Shares of NYSE PM opened at $155.46 on Thursday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The firm’s 50-day simple moving average is $156.88 and its 200 day simple moving average is $167.55. The company has a market cap of $241.99 billion, a price-to-earnings ratio of 28.16, a price-to-earnings-growth ratio of 1.84 and a beta of 0.43.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data 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 firm had revenue of $8.12 billion during the quarter. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were given a $1.47 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.8%. Philip Morris International’s dividend payout ratio is presently 106.52%.

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.