Philip Morris International Inc. $PM Shares Bought by Twin City Private Wealth LLC

Twin City Private Wealth LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 4.2% in the second quarter, HoldingsChannel reports. The fund owned 23,305 shares of the company’s stock after buying an additional 935 shares during the period. Philip Morris International makes up about 3.5% of Twin City Private Wealth LLC’s portfolio, making the stock its largest holding. Twin City Private Wealth LLC’s holdings in Philip Morris International were worth $4,276,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Linscomb Wealth Inc. boosted its position in Philip Morris International by 3.3% during the 1st quarter. Linscomb Wealth Inc. now owns 83,205 shares of the company’s stock worth $13,207,000 after acquiring an additional 2,669 shares during the period. Mackenzie Financial Corp boosted its position in Philip Morris International by 7.3% during the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company’s stock worth $568,873,000 after acquiring an additional 242,799 shares during the period. 49 Wealth Management LLC boosted its position in Philip Morris International by 79.0% during the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company’s stock worth $847,000 after acquiring an additional 2,354 shares during the period. Cortland Associates Inc. MO boosted its position in Philip Morris International by 704.0% during the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company’s stock worth $22,690,000 after acquiring an additional 125,171 shares during the period. Finally, First American Trust FSB boosted its position in Philip Morris International by 80.0% during the 1st quarter. First American Trust FSB now owns 56,382 shares of the company’s stock worth $8,949,000 after acquiring an additional 25,063 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. KGI Securities assumed coverage on Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating for the company. UBS Group cut their price objective on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Finally, Barclays cut their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $194.00.

Philip Morris International Stock Down 1.0%

Shares of NYSE PM opened at $144.33 on Friday. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The company has a market cap of $224.67 billion, a price-to-earnings ratio of 26.15, a P/E/G ratio of 2.11 and a beta of 0.46. The business has a fifty day simple moving average of $160.05 and a 200-day simple moving average of $168.80.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The business had revenue of $8.12 billion during the quarter. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 annualized dividend and a yield of 4.1%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio (DPR) 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.