Corient Private Wealth LLC Grows Position in Philip Morris International Inc. $PM

Corient Private Wealth LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 1.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 490,590 shares of the company’s stock after acquiring an additional 5,681 shares during the quarter. Corient Private Wealth LLC’s holdings in Philip Morris International were worth $89,354,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PM. Capital A Wealth Management LLC grew its holdings in shares of Philip Morris International by 155.0% in the second quarter. Capital A Wealth Management LLC now owns 668 shares of the company’s stock valued at $122,000 after purchasing an additional 406 shares in the last quarter. Caldwell Trust Co purchased a new position in shares of Philip Morris International in the 2nd quarter worth $4,637,000. Watts Gwilliam & Co. LLC bought a new stake in shares of Philip Morris International in the 2nd quarter worth about $229,000. Valeo Financial Advisors LLC raised its position in shares of Philip Morris International by 1.0% during the 2nd quarter. Valeo Financial Advisors LLC now owns 41,545 shares of the company’s stock valued at $7,567,000 after buying an additional 420 shares in the last quarter. Finally, Silicon Valley Capital Partners bought a new position in shares of Philip Morris International in the 2nd quarter valued at about $62,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

NYSE PM opened at $158.22 on Tuesday. The company has a market cap of $246.29 billion, a PE ratio of 28.66, a P/E/G ratio of 1.83 and a beta of 0.42. The firm’s 50 day moving average price is $153.71 and its 200-day moving average price is $165.02. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last issued 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 net margin of 9.33% and a negative return on equity of 122.14%. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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

Analyst Ratings Changes

PM has been the topic of several analyst reports. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. JPMorgan Chase & Co. reduced their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, Barclays cut their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research report on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Company 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.