Retirement Planning Group LLC Has $5.46 Million Stake in Philip Morris International Inc. $PM

Retirement Planning Group LLC raised its stake in shares of Philip Morris International Inc. (NYSE:PM) by 229.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 33,683 shares of the company’s stock after acquiring an additional 23,472 shares during the quarter. Retirement Planning Group LLC’s holdings in Philip Morris International were worth $5,463,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Legacy Investment Solutions LLC bought a new position in shares of Philip Morris International in the 2nd quarter valued at approximately $25,000. Traub Capital Management LLC bought a new position in shares of Philip Morris International in the second quarter valued at approximately $25,000. Marquette Asset Management LLC lifted its stake in shares of Philip Morris International by 1,677.8% in the third quarter. Marquette Asset Management LLC now owns 160 shares of the company’s stock worth $26,000 after buying an additional 151 shares during the last quarter. Abound Wealth Management boosted its holdings in shares of Philip Morris International by 566.7% during the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after buying an additional 136 shares during the period. Finally, Briaud Financial Planning Inc grew its stake 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 buying an additional 120 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.5%

PM opened at $165.91 on Wednesday. The stock’s 50 day simple moving average is $156.41 and its 200-day simple moving average is $161.79. The stock has a market cap of $258.26 billion, a PE ratio of 30.06, a P/E/G ratio of 1.78 and a beta of 0.40. Philip Morris International Inc. has a 1 year low of $117.18 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Friday, October 24th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.14. The company had revenue of $10.85 billion during the quarter, compared to analysts’ expectations of $10.67 billion. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 EPS. Equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s payout ratio is presently 106.52%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research report on Tuesday, October 21st. JPMorgan Chase & Co. reduced their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $189.00.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.