Philip Morris International Inc. $PM Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM) by 53.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 9,578 shares of the company’s stock after selling 11,030 shares during the quarter. HBW Advisory Services LLC’s holdings in Philip Morris International were worth $1,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PM. Legacy Investment Solutions LLC purchased a new position in Philip Morris International in the second quarter valued at approximately $25,000. Traub Capital Management LLC purchased a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $25,000. Abound Wealth Management boosted its holdings in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 136 shares in the last quarter. Estabrook Capital Management purchased a new position in shares of Philip Morris International in the 2nd quarter valued at $30,000. Finally, Briaud Financial Planning Inc raised its stake in Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 120 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $161.06 on Friday. The firm has a market cap of $250.72 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.93 and a beta of 0.42. The firm’s fifty day moving average price is $154.15 and its 200 day moving average price is $163.80. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The business had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. As a group, analysts expect 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 announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s payout ratio is presently 106.52%.

Analysts Set New Price Targets

PM has been the subject of several research analyst reports. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research note on Tuesday, October 21st. Barclays decreased their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. UBS Group reduced their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Finally, Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $189.00.

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.