2,603 Shares of Philip Morris International Inc. $PM Purchased by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, Holdings Channel reports. The fund purchased 2,603 shares of the company’s stock, valued at approximately $497,000.

Other large investors have also recently bought and sold shares of the company. Woodmont Investment Counsel LLC increased its holdings in Philip Morris International by 3.4% during the third quarter. Woodmont Investment Counsel LLC now owns 5,816 shares of the company’s stock worth $1,110,000 after buying an additional 190 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in Philip Morris International by 129.3% during the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 860 shares of the company’s stock worth $164,000 after acquiring an additional 485 shares in the last quarter. Greenleaf Trust lifted its stake in Philip Morris International by 1.2% in the third quarter. Greenleaf Trust now owns 37,877 shares of the company’s stock valued at $7,228,000 after acquiring an additional 452 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in Philip Morris International by 24.5% in the third quarter. Bell Investment Advisors Inc now owns 396 shares of the company’s stock valued at $76,000 after acquiring an additional 78 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Philip Morris International in the third quarter valued at $77,562,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the subject of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Stifel Nicolaus upped their target price on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Argus raised their target price on shares of Philip Morris International from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, October 26th. Needham & Company LLC raised their target price on shares of Philip Morris International from $215.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, October 22nd. Finally, Barclays lifted their price target on Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.70.

Philip Morris International Stock Performance

PM opened at $208.72 on Monday. The stock has a fifty day moving average of $194.20 and a 200-day moving average of $181.93. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $214.35. The company has a market capitalization of $325.32 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.80 and a beta of 0.34.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, October 21st. The company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.06. Philip Morris International had a net margin of 10.73% and a negative return on equity of 183.96%. The business had revenue of $11.44 billion for the quarter, compared to analyst estimates of $11.32 billion. During the same period last year, the firm earned $2.24 earnings per share. Philip Morris International’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts predict that Philip Morris International Inc. will post 8.32 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Friday, October 2nd were given a dividend of $1.60 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.47. This represents a $6.40 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Friday, October 2nd. Philip Morris International’s dividend payout ratio (DPR) is currently 93.43%.

About Philip Morris International

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.