Geneos Wealth Management Inc. Increases Stock Holdings in Philip Morris International Inc. $PM

Geneos Wealth Management Inc. boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 40.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,483 shares of the company’s stock after buying an additional 9,375 shares during the period. Geneos Wealth Management Inc.’s holdings in Philip Morris International were worth $5,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. V2 Financial group LLC acquired a new position in shares of Philip Morris International during the second quarter valued at about $232,000. Westwood Holdings Group Inc. grew its position in Philip Morris International by 295.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 67,717 shares of the company’s stock worth $12,333,000 after purchasing an additional 50,610 shares during the last quarter. Kestra Investment Management LLC increased its stake in Philip Morris International by 342.1% during the 2nd quarter. Kestra Investment Management LLC now owns 18,635 shares of the company’s stock valued at $3,394,000 after purchasing an additional 14,420 shares in the last quarter. Castleark Management LLC raised its holdings in shares of Philip Morris International by 272.7% in the second quarter. Castleark Management LLC now owns 337,749 shares of the company’s stock worth $61,514,000 after buying an additional 247,129 shares during the last quarter. Finally, Wellington Capital Management Inc. purchased a new position in shares of Philip Morris International in the second quarter worth $559,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Barclays dropped 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 report on Monday, November 17th. UBS Group dropped their price target on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a report on Tuesday, October 21st. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Stock Up 1.7%

Shares of PM opened at $153.49 on Monday. The company has a market capitalization of $238.93 billion, a price-to-earnings ratio of 27.81, a PEG ratio of 1.83 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’s 50-day moving average price is $153.62 and its 200-day moving average price is $165.16.

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

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. Philip Morris International’s dividend payout ratio is 106.52%.

Philip Morris International 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.