Tarbox Family Office Inc. Acquires New Position in Philip Morris International Inc. $PM

Tarbox Family Office Inc. bought a new position in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,128 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently modified their holdings of PM. Lodestone Wealth Management LLC acquired a new stake in Philip Morris International during the second quarter valued at $229,000. Bronte Capital Management Pty Ltd. raised its stake in shares of Philip Morris International by 4.4% during the 2nd quarter. Bronte Capital Management Pty Ltd. now owns 541,101 shares of the company’s stock worth $98,551,000 after purchasing an additional 22,716 shares in the last quarter. Howe & Rusling Inc. lifted its holdings in shares of Philip Morris International by 0.9% during the 2nd quarter. Howe & Rusling Inc. now owns 122,478 shares of the company’s stock valued at $22,307,000 after buying an additional 1,073 shares during the last quarter. Winnow Wealth LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at approximately $109,000. Finally, GDS Wealth Management increased its holdings in Philip Morris International by 11.6% in the second quarter. GDS Wealth Management now owns 1,790 shares of the company’s stock worth $326,000 after buying an additional 186 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $155.46 on Thursday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The firm has a fifty day moving average price of $156.88 and a two-hundred day moving average price of $167.55. The firm has a market cap of $241.99 billion, a price-to-earnings ratio of 28.16, a P/E/G ratio of 1.84 and a beta of 0.43.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm 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 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is presently 106.52%.

Analysts Set New Price Targets

PM has been the topic of several recent research reports. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $189.56.

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.