Philip Morris International Inc. (NYSE:PM) Shares Bought by Altium Wealth Management LLC

Altium Wealth Management LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 9.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,414 shares of the company’s stock after acquiring an additional 1,556 shares during the period. Altium Wealth Management LLC’s holdings in Philip Morris International were worth $1,482,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. 180 Wealth Advisors LLC boosted its holdings in shares of Philip Morris International by 51.6% in the 4th quarter. 180 Wealth Advisors LLC now owns 6,382 shares of the company’s stock valued at $564,000 after buying an additional 2,172 shares in the last quarter. Welch & Forbes LLC raised its stake in shares of Philip Morris International by 7.9% during the fourth quarter. Welch & Forbes LLC now owns 22,831 shares of the company’s stock valued at $1,943,000 after purchasing an additional 1,672 shares during the period. Comprehensive Portfolio Management LLC raised its stake in shares of Philip Morris International by 49.1% during the fourth quarter. Comprehensive Portfolio Management LLC now owns 6,524 shares of the company’s stock valued at $555,000 after purchasing an additional 2,147 shares during the period. Allworth Financial LP raised its stake in shares of Philip Morris International by 9.3% during the fourth quarter. Allworth Financial LP now owns 3,771 shares of the company’s stock valued at $321,000 after purchasing an additional 321 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $4,774,000. Institutional investors own 73.05% of the company’s stock.

A number of analysts have recently issued reports on the stock. Piper Jaffray Companies reiterated an “overweight” rating on shares of Philip Morris International in a research note on Wednesday, January 8th. Stifel Nicolaus restated a “buy” rating on shares of Philip Morris International in a research note on Tuesday, October 15th. Bank of America upgraded shares of Philip Morris International from a “neutral” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Tuesday, October 1st. ValuEngine cut shares of Philip Morris International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 10th. Finally, Citigroup cut shares of Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research note on Monday, December 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Philip Morris International has an average rating of “Hold” and a consensus price target of $95.17.

Shares of NYSE PM traded down $0.65 during mid-day trading on Friday, reaching $87.91. 50,757 shares of the company’s stock were exchanged, compared to its average volume of 4,845,639. The firm has a market capitalization of $136.26 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.06 and a beta of 1.00. The business has a fifty day simple moving average of $85.27 and a 200 day simple moving average of $81.38. Philip Morris International Inc. has a twelve month low of $69.27 and a twelve month high of $92.74.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, October 17th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.08. The company had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.65 billion. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The business’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the firm posted $1.44 earnings per share. As a group, research analysts predict that Philip Morris International Inc. will post 5.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Shareholders of record on Thursday, December 19th were issued a $1.17 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $4.68 annualized dividend and a yield of 5.32%. Philip Morris International’s dividend payout ratio is presently 91.76%.

Philip Morris International Company 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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