Secure Asset Management LLC Has $2.08 Million Stock Holdings in Philip Morris International Inc. $PM

Secure Asset Management LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 36.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,952 shares of the company’s stock after acquiring an additional 3,425 shares during the quarter. Secure Asset Management LLC’s holdings in Philip Morris International were worth $2,083,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International during the second quarter worth approximately $25,000. Traub Capital Management LLC acquired a new stake in Philip Morris International during the second quarter valued at $25,000. Abound Wealth Management increased its position in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares during the last quarter. Estabrook Capital Management purchased a new stake in shares of Philip Morris International during the 2nd quarter worth about $30,000. Finally, Briaud Financial Planning Inc lifted its holdings in shares of Philip Morris International by 266.7% during 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 and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PM shares. UBS Group reduced their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. lowered their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus price target of $189.00.

Philip Morris International Stock Performance

NYSE PM opened at $157.07 on Friday. The stock has a market capitalization of $244.49 billion, a PE ratio of 28.45, a P/E/G ratio of 1.87 and a beta of 0.42. The stock has a 50-day simple moving average of $153.79 and a 200 day simple moving average of $164.59. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

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

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

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.