HB Wealth Management LLC Buys 13,185 Shares of Philip Morris International Inc. $PM

HB Wealth Management LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 16.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 95,040 shares of the company’s stock after buying an additional 13,185 shares during the quarter. HB Wealth Management LLC’s holdings in Philip Morris International were worth $15,416,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in Philip Morris International in the second quarter valued at approximately $25,000. Traub Capital Management LLC bought a new position in Philip Morris International during the 2nd quarter worth approximately $25,000. Abound Wealth Management lifted its position 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 purchasing an additional 136 shares during the period. Estabrook Capital Management bought a new stake in shares of Philip Morris International in the 2nd quarter valued at $30,000. Finally, Briaud Financial Planning Inc increased its position in shares of Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on PM. Barclays cut 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. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Finally, Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Stock Performance

PM stock opened at $155.20 on Thursday. The stock’s 50 day simple moving average is $155.01 and its 200 day simple moving average is $162.47. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The company has a market cap of $241.59 billion, a P/E ratio of 28.12, a price-to-earnings-growth ratio of 1.67 and a beta of 0.40.

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

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.8%. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

About Philip Morris International

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.