Howe & Rusling Inc. Grows Stock Holdings in Philip Morris International Inc. $PM

Howe & Rusling Inc. lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,478 shares of the company’s stock after purchasing an additional 1,073 shares during the quarter. Philip Morris International comprises about 1.6% of Howe & Rusling Inc.’s investment portfolio, making the stock its 15th biggest position. Howe & Rusling Inc.’s holdings in Philip Morris International were worth $22,307,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PM. PFS Partners LLC increased its stake in shares of Philip Morris International by 24.8% during the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after acquiring an additional 58 shares during the last quarter. Uncommon Cents Investing LLC grew its holdings in Philip Morris International by 1.1% in the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after purchasing an additional 61 shares during the period. NFP Retirement Inc. grew its holdings in Philip Morris International by 2.5% in the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock valued at $411,000 after purchasing an additional 62 shares during the period. Cranbrook Wealth Management LLC increased its position in Philip Morris International by 6.5% during the second quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock worth $185,000 after purchasing an additional 62 shares during the last quarter. Finally, Renasant Bank boosted its holdings in shares of Philip Morris International by 3.3% in the 1st quarter. Renasant Bank now owns 1,994 shares of the company’s stock valued at $317,000 after purchasing an additional 63 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PM shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 target price on shares of Philip Morris International in a research report on Wednesday, July 23rd. Citigroup restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. KGI Securities started coverage on Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating for the company. Finally, Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $189.56.

Philip Morris International Price Performance

Shares of NYSE PM opened at $155.46 on Thursday. 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 $241.99 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.84 and a beta of 0.43. The business has a 50-day moving average of $156.88 and a 200-day moving average of $167.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm 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%. Research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date was Friday, October 3rd. Philip Morris International’s payout ratio is currently 106.52%.

Philip Morris International Company 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.