5,662 Shares in Philip Morris International Inc. $PM Bought by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,662 shares of the company’s stock, valued at approximately $918,000.

A number of other large investors have also recently bought and sold shares of PM. Legacy Investment Solutions LLC bought a new stake in Philip Morris International during the second quarter worth $25,000. Traub Capital Management LLC bought a new position in shares of Philip Morris International in the 2nd quarter valued at $25,000. Abound Wealth Management raised its holdings in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after buying an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the 1st quarter worth $30,000. Finally, Briaud Financial Planning Inc lifted its position in shares of Philip Morris International by 266.7% during the 2nd 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 last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the topic of a number of recent analyst reports. Barclays decreased their target price on 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 reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Finally, Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $189.00.

Philip Morris International Price Performance

Shares of NYSE PM opened at $157.27 on Friday. The company has a 50 day simple moving average of $153.86 and a 200 day simple moving average of $164.77. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm has a market cap of $244.81 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 1.89 and a beta of 0.42.

Philip Morris International (NYSE:PM) last posted its earnings results 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 firm had revenue of $8.12 billion for the quarter. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio is presently 106.52%.

About Philip Morris International

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.