PDS Planning Inc Purchases 782 Shares of Philip Morris International Inc. $PM

PDS Planning Inc increased its position in Philip Morris International Inc. (NYSE:PM) by 15.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,765 shares of the company’s stock after purchasing an additional 782 shares during the period. PDS Planning Inc’s holdings in Philip Morris International were worth $1,050,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of PM. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Philip Morris International by 26.5% in the 1st quarter. GAMMA Investing LLC now owns 28,268 shares of the company’s stock worth $4,487,000 after purchasing an additional 5,930 shares in the last quarter. CX Institutional lifted its holdings in shares of Philip Morris International by 4.4% in the 1st quarter. CX Institutional now owns 8,893 shares of the company’s stock worth $1,412,000 after purchasing an additional 373 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in shares of Philip Morris International by 2.2% in the 1st quarter. Focus Financial Network Inc. now owns 5,264 shares of the company’s stock worth $836,000 after purchasing an additional 112 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PM has been the topic of several recent analyst reports. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group dropped their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday. Eleven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.44.

Philip Morris International Stock Up 2.3%

Philip Morris International stock opened at $160.51 on Friday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The firm has a 50 day moving average price of $164.24 and a 200-day moving average price of $168.67. The company has a market capitalization of $249.85 billion, a P/E ratio of 30.52, a P/E/G ratio of 2.29 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $8.12 billion for the quarter. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued a $1.47 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 3.7%. Philip Morris International’s payout ratio is 111.79%.

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.