Whalen Wealth Management Inc. Makes New $918,000 Investment in Philip Morris International Inc. $PM

Whalen Wealth Management Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the third quarter, HoldingsChannel.com reports. The fund acquired 5,662 shares of the company’s stock, valued at approximately $918,000.

Several other large investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of Philip Morris International by 31.1% in 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 increased its holdings in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares in the last quarter. American Century Companies Inc. lifted its stake in Philip Morris International by 2.2% in the first quarter. American Century Companies Inc. now owns 14,748 shares of the company’s stock valued at $2,341,000 after buying an additional 323 shares during the period. JT Stratford LLC bought a new position in shares of Philip Morris International during the 1st quarter worth approximately $222,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Philip Morris International by 4.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,470 shares of the company’s stock worth $5,312,000 after buying an additional 1,333 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on PM. JPMorgan Chase & Co. lowered their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. UBS Group decreased their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Barclays cut their price objective on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Finally, Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Trading Down 0.8%

PM opened at $157.27 on Friday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The company has a market cap of $244.81 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.89 and a beta of 0.42. The company’s fifty day moving average price is $153.86 and its two-hundred day moving average price is $164.77.

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

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 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.