Coign Capital Advisors LLC Takes $610,000 Position in Philip Morris International Inc. $PM

Coign Capital Advisors LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 3,760 shares of the company’s stock, valued at approximately $610,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after buying an additional 91 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Philip Morris International by 53.7% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after buying an additional 1,970 shares in the last quarter. Sheets Smith Wealth Management boosted its stake in shares of Philip Morris International by 6.1% during the 2nd quarter. Sheets Smith Wealth Management now owns 2,050 shares of the company’s stock worth $373,000 after buying an additional 118 shares during the last quarter. Finally, Maseco LLP acquired a new position in shares of Philip Morris International during the 2nd quarter worth about $63,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PM. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a report on Tuesday, October 21st. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Barclays dropped their price target on shares of 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. Eleven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $184.56.

Philip Morris International Trading Up 0.7%

PM opened at $170.00 on Friday. The stock’s fifty day simple moving average is $158.87 and its 200 day simple moving average is $161.65. Philip Morris International Inc. has a 1-year low of $122.76 and a 1-year high of $186.69. The stock has a market cap of $264.63 billion, a PE ratio of 30.80, a price-to-earnings-growth ratio of 1.82 and a beta of 0.40.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Friday, October 24th. The company reported $2.24 EPS for the quarter, beating the consensus estimate of $2.10 by $0.14. The firm had revenue of $10.85 billion for the quarter, compared to the consensus estimate of $10.67 billion. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.91 earnings per share. Equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were paid a $1.47 dividend. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.5%. Philip Morris International’s dividend 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.