Secure Asset Management LLC Purchases 3,425 Shares of Philip Morris International Inc. $PM

Secure Asset Management LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 36.0% during the third quarter, HoldingsChannel.com reports. The firm owned 12,952 shares of the company’s stock after acquiring an additional 3,425 shares during the quarter. Secure Asset Management LLC’s holdings in Philip Morris International were worth $2,083,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. PFS Partners LLC boosted its stake in Philip Morris International by 24.8% in the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after acquiring an additional 58 shares during the last quarter. Uncommon Cents Investing LLC raised its position in shares of Philip Morris International by 1.1% during the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after acquiring an additional 61 shares during the last quarter. Second Line Capital LLC lifted its stake in shares of Philip Morris International by 4.8% in the 2nd quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock valued at $245,000 after purchasing an additional 61 shares during the period. Cranbrook Wealth Management LLC boosted its position in shares of Philip Morris International by 6.5% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock worth $185,000 after purchasing an additional 62 shares during the last quarter. Finally, Meridian Wealth Partners LLC grew its stake in shares of Philip Morris International by 3.1% during the second quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock worth $375,000 after purchasing an additional 62 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $157.07 on Friday. The stock has a market capitalization of $244.49 billion, a PE ratio of 28.45, a price-to-earnings-growth ratio of 1.87 and a beta of 0.42. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock has a 50 day moving average price of $153.79 and a 200 day moving average price of $164.59.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The company had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be paid a $1.47 dividend. The ex-dividend date is Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.7%. Philip Morris International’s dividend payout ratio is currently 106.52%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PM shares. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Finally, Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.