Family Capital Management Inc. Invests $454,000 in Philip Morris International Inc. $PM

Family Capital Management Inc. purchased a new position in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,492 shares of the company’s stock, valued at approximately $454,000.

Other large investors have also recently made changes to their positions in the company. Abound Wealth Management grew its stake in shares of Philip Morris International by 566.7% in 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 period. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International in the first quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC grew its stake in shares of Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in Philip Morris International during the first quarter valued at approximately $34,000. Finally, Redmont Wealth Advisors LLC bought a new stake in Philip Morris International during the first quarter valued at approximately $35,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $151.92 on Wednesday. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The company has a market capitalization of $236.48 billion, a P/E ratio of 28.88, a P/E/G ratio of 2.31 and a beta of 0.46. The firm’s 50 day simple moving average is $162.81 and its two-hundred day simple moving average is $168.80.

Philip Morris International (NYSE:PM) last issued its quarterly 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 9.03% and a negative return on equity of 120.86%. The business had revenue of $8.12 billion for the quarter. On average, sell-side analysts anticipate 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. Shareholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is presently 111.79%.

Wall Street Analysts Forecast Growth

PM has been the subject of several recent research reports. KGI Securities initiated coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating for the company. Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Eleven analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.44.

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.