Farther Finance Advisors LLC Has $6.63 Million Stake in Philip Morris International Inc. $PM

Farther Finance Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 21.2% in the third quarter, HoldingsChannel.com reports. The fund owned 40,878 shares of the company’s stock after buying an additional 7,154 shares during the quarter. Farther Finance Advisors LLC’s holdings in Philip Morris International were worth $6,630,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of PM. PFS Partners LLC raised its position in Philip Morris International by 24.8% in the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after purchasing an additional 58 shares during the last quarter. Uncommon Cents Investing LLC increased its stake in shares of Philip Morris International by 1.1% in the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after buying an additional 61 shares in the last quarter. Second Line Capital LLC raised its holdings in shares of Philip Morris International by 4.8% in the second quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock valued at $245,000 after buying an additional 61 shares during the last quarter. Cranbrook Wealth Management LLC lifted its position in Philip Morris International by 6.5% during the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock worth $185,000 after buying an additional 62 shares in the last quarter. Finally, Meridian Wealth Partners LLC lifted its position in Philip Morris International by 3.1% during the 2nd quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock worth $375,000 after buying an additional 62 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. UBS Group lowered their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Finally, Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday, October 21st. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Price Performance

Shares of NYSE PM opened at $162.14 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm has a market capitalization of $252.39 billion, a P/E ratio of 29.37, a P/E/G ratio of 1.91 and a beta of 0.42. The company’s 50 day simple moving average is $153.85 and its 200 day simple moving average is $164.06.

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

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a dividend of $1.47 per share. The ex-dividend date is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.6%. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.