Philip Morris International Inc. $PM Shares Acquired by Invenio Wealth Partners LLC

by · The Markets Daily

Invenio Wealth Partners LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 105.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,994 shares of the company’s stock after acquiring an additional 1,535 shares during the period. Invenio Wealth Partners LLC’s holdings in Philip Morris International were worth $545,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Legacy Investment Solutions LLC purchased a new stake in Philip Morris International during the 2nd quarter worth approximately $25,000. Abound Wealth Management lifted its stake in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after buying an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of Philip Morris International during the first quarter valued at $30,000. Briaud Financial Planning Inc increased its position in shares of 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 acquiring an additional 120 shares during the period. Finally, CBIZ Investment Advisory Services LLC increased its position in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $152.78 on Tuesday. The company has a market capitalization of $237.82 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.25 and a beta of 0.43. The company’s fifty day moving average price is $157.26 and its 200 day moving average price is $167.74. 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 – Get Free Report) last released its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share 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. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is currently 106.52%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. UBS Group lowered their price target on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday. KGI Securities started coverage on shares of Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.56.

Read Our Latest Stock Analysis on Philip Morris International

About Philip Morris International

(Free Report)

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.

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