Elevated Capital Advisors LLC Sells 4,742 Shares of Philip Morris International Inc. $PM

Elevated Capital Advisors LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 82.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,007 shares of the company’s stock after selling 4,742 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Philip Morris International were worth $192,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in PM. Caitong International Asset Management Co. Ltd purchased a new stake in Philip Morris International in the 2nd quarter valued at approximately $29,000. Wilkerson Advisory Group LLC increased its position in Philip Morris International by 109.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company’s stock worth $34,000 after purchasing an additional 107 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new position in Philip Morris International during the 2nd quarter worth approximately $34,000. Kilter Group LLC acquired a new position in Philip Morris International during the 2nd quarter worth approximately $35,000. Finally, Evergreen Advisors LLC purchased a new position in shares of Philip Morris International during the 1st quarter worth approximately $46,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PM. Citigroup raised their price target on Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Argus lifted their price target on Philip Morris International from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 26th. Needham & Company LLC upped their price objective on Philip Morris International from $215.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, October 22nd. Stifel Nicolaus upped their price objective on Philip Morris International from $205.00 to $232.00 and gave the stock a “buy” rating in a report on Tuesday, November 3rd. Finally, UBS Group increased their price objective on Philip Morris International from $193.00 to $201.00 and gave the stock a “neutral” rating in a research report on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $213.90.

Philip Morris International Stock Up 0.6%

Shares of NYSE PM opened at $194.31 on Wednesday. Philip Morris International Inc. has a 52 week low of $146.35 and a 52 week high of $214.35. The firm has a 50-day moving average price of $195.73 and a 200 day moving average price of $183.05. The stock has a market capitalization of $302.86 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 2.59 and a beta of 0.34.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, October 21st. The company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.06. Philip Morris International had a net margin of 10.73% and a negative return on equity of 183.96%. The firm had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $11.32 billion. During the same quarter in the previous year, the firm earned $2.24 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. Equities research analysts expect that Philip Morris International Inc. will post 8.32 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Friday, October 2nd were given a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, October 2nd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s payout ratio is 93.43%.

Philip Morris International Profile

Philip Morris International is a global tobacco and nicotine company that develops, manufactures and sells cigarettes and smoke-free products. Its cigarette brands include Marlboro in markets outside the United States, along with other regional and international brands. The company’s smoke-free portfolio includes IQOS heated tobacco products, ZYN nicotine pouches and VEEV e-vapor products. Philip Morris International sells its products in markets around the world, with availability varying by country and subject to local regulations.