Benjamin Edwards Inc. Increases Position in Philip Morris International Inc. $PM

Benjamin Edwards Inc. lifted its stake in Philip Morris International Inc. (NYSE:PM) by 22.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,579 shares of the company’s stock after purchasing an additional 16,062 shares during the period. Benjamin Edwards Inc.’s holdings in Philip Morris International were worth $14,206,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in PM. Legacy Investment Solutions LLC purchased a new position in Philip Morris International in the second quarter valued at about $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 grew 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 worth $29,000 after acquiring an additional 136 shares during the period. Briaud Financial Planning Inc increased its stake in Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares in the last quarter. Finally, Estabrook Capital Management purchased a new position in Philip Morris International in the 2nd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of a number of research analyst reports. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Barclays cut their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. JPMorgan Chase & Co. decreased their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Finally, Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a research report on Tuesday, October 21st. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Philip Morris International Stock Up 2.3%

Shares of NYSE:PM opened at $158.76 on Friday. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The stock’s fifty day simple moving average is $155.27 and its 200-day simple moving average is $162.44. The company has a market capitalization of $247.13 billion, a P/E ratio of 28.76, a P/E/G ratio of 1.67 and a beta of 0.40.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm had revenue of $8.12 billion during the quarter. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders 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 dividend yield of 3.7%. Philip Morris International’s payout ratio 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.