Simplicity Wealth LLC Has $1.59 Million Stock Holdings in Philip Morris International Inc. $PM

Simplicity Wealth LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 28.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,825 shares of the company’s stock after selling 3,825 shares during the period. Simplicity Wealth LLC’s holdings in Philip Morris International were worth $1,594,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of PM. PFS Partners LLC increased its position in Philip Morris International by 24.8% during the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after acquiring an additional 58 shares during the period. Uncommon Cents Investing LLC increased its holdings in shares of Philip Morris International by 1.1% during the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after purchasing an additional 61 shares during the period. Second Line Capital LLC raised its position 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 in the last quarter. Meridian Wealth Partners LLC raised its position in shares of Philip Morris International by 3.1% in the second quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock valued at $375,000 after buying an additional 62 shares in the last quarter. Finally, Bernardo Wealth Planning LLC boosted its stake in shares of Philip Morris International by 1.8% in the second quarter. Bernardo Wealth Planning LLC now owns 3,584 shares of the company’s stock valued at $653,000 after buying an additional 62 shares during the period. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent analyst reports. Barclays cut 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. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note 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 report on Wednesday, October 22nd. Finally, JPMorgan Chase & Co. reduced their price target 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. Eleven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.56.

Philip Morris International Trading Up 0.7%

Shares of NYSE PM opened at $170.00 on Friday. The company has a market cap of $264.63 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 1.82 and a beta of 0.40. Philip Morris International Inc. has a 12 month low of $122.76 and a 12 month high of $186.69. The stock has a 50-day moving average price of $158.87 and a two-hundred day moving average price of $161.65.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Friday, October 24th. The company reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.10 by $0.14. The company 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 firm’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $1.91 EPS. On average, sell-side analysts predict 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 announced a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given 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 (DPR) is currently 106.52%.

Philip Morris International 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.