Empowered Funds LLC Lowers Holdings in Philip Morris International Inc. $PM

Empowered Funds LLC lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 21.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 126,039 shares of the company’s stock after selling 33,867 shares during the quarter. Empowered Funds LLC’s holdings in Philip Morris International were worth $22,955,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in PM. Legacy Investment Solutions LLC purchased a new stake in Philip Morris International during the 2nd quarter valued at approximately $25,000. Abound Wealth Management boosted its position in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International during the first quarter valued at $30,000. Briaud Financial Planning Inc increased its holdings in Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after purchasing an additional 162 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $152.78 on Tuesday. The stock has a market cap of $237.82 billion, a price-to-earnings ratio of 27.68, a price-to-earnings-growth ratio of 2.25 and a beta of 0.43. The stock has a 50 day moving average price of $157.26 and a 200-day moving average price of $167.74. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

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

Philip Morris International Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio is presently 106.52%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PM. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Barclays cut their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday. Finally, KGI Securities started coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating on the stock. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.56.

Philip Morris International Profile

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.