Philip Morris International Inc. (NYSE:PM) Shares Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 16.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,027 shares of the company’s stock after acquiring an additional 1,412 shares during the period. Integrated Wealth Concepts LLC’s holdings in Philip Morris International were worth $763,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Willingdon Wealth Management lifted its stake in shares of Philip Morris International by 0.9% during the 2nd quarter. Willingdon Wealth Management now owns 13,656 shares of the company’s stock worth $1,072,000 after purchasing an additional 119 shares during the period. Montag A & Associates Inc. lifted its stake in shares of Philip Morris International by 0.6% during the 1st quarter. Montag A & Associates Inc. now owns 18,782 shares of the company’s stock worth $1,660,000 after purchasing an additional 120 shares during the period. NBT Bank N A NY lifted its stake in shares of Philip Morris International by 0.3% during the 1st quarter. NBT Bank N A NY now owns 41,531 shares of the company’s stock worth $3,671,000 after purchasing an additional 120 shares during the period. Brand Asset Management Group Inc. lifted its stake in shares of Philip Morris International by 34.9% during the 2nd quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock worth $37,000 after purchasing an additional 122 shares during the period. Finally, Capital City Trust Co. FL lifted its stake in shares of Philip Morris International by 1.1% during the 2nd quarter. Capital City Trust Co. FL now owns 11,041 shares of the company’s stock worth $867,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 74.11% of the company’s stock.

In related news, insider Mario Masseroli sold 1,100 shares of the stock in a transaction on Tuesday, July 23rd. The stock was sold at an average price of $87.42, for a total value of $96,162.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.



A number of research analysts have weighed in on PM shares. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research note on Wednesday, September 4th. JPMorgan Chase & Co. set a $86.00 price target on Philip Morris International and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. ValuEngine lowered Philip Morris International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Cowen reissued a “hold” rating on shares of Philip Morris International in a research note on Thursday, September 12th. Finally, Morgan Stanley reduced their price target on Philip Morris International from $94.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Hold” and an average price target of $93.77.

Shares of PM traded up $4.92 during trading hours on Wednesday, hitting $76.48. The stock had a trading volume of 1,179,186 shares, compared to its average volume of 10,264,480. The firm has a market cap of $110.78 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.74 and a beta of 1.00. The company’s fifty day simple moving average is $77.03 and its 200 day simple moving average is $82.17. Philip Morris International Inc. has a 12-month low of $64.67 and a 12-month high of $92.74.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, July 18th. The company reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.13. Philip Morris International had a negative return on equity of 80.96% and a net margin of 10.03%. The business had revenue of $7.70 billion for the quarter, compared to analyst estimates of $7.42 billion. During the same period last year, the company posted $1.41 EPS. The business’s quarterly revenue was down .3% on a year-over-year basis. As a group, sell-side analysts expect that Philip Morris International Inc. will post 5.2 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Wednesday, September 25th will be issued a $1.17 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.14. This represents a $4.68 annualized dividend and a yield of 6.12%. The ex-dividend date is Tuesday, September 24th. Philip Morris International’s dividend payout ratio is currently 89.41%.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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