Austin Private Wealth LLC Has $664,000 Holdings in Philip Morris International Inc. $PM

Austin Private Wealth LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 5.5% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,645 shares of the company’s stock after purchasing an additional 191 shares during the quarter. Austin Private Wealth LLC’s holdings in Philip Morris International were worth $664,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Brighton Jones LLC boosted its position in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares in the last quarter. Sovran Advisors LLC boosted its position in Philip Morris International by 40.5% in the first quarter. Sovran Advisors LLC now owns 3,398 shares of the company’s stock valued at $555,000 after buying an additional 979 shares in the last quarter. MorganRosel Wealth Management LLC acquired a new position in Philip Morris International in the first quarter valued at about $56,000. Finally, Koshinski Asset Management Inc. boosted its position in Philip Morris International by 4.7% in the first quarter. Koshinski Asset Management Inc. now owns 12,748 shares of the company’s stock valued at $2,024,000 after buying an additional 576 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

PM opened at $149.84 on Wednesday. The company has a market cap of $233.25 billion, a price-to-earnings ratio of 27.15, a price-to-earnings-growth ratio of 2.22 and a beta of 0.46. The firm has a 50 day simple moving average of $161.69 and a 200 day simple moving average of $169.10. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The business had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. As a group, 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 paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.9%. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is presently 106.52%.

Analyst Ratings Changes

A number of equities analysts have commented on PM shares. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research report on Tuesday, October 21st. UBS Group dropped their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price for the company. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $194.00.

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.