Total Wealth Planning & Management Inc. Takes $200,000 Position in Philip Morris International Inc. $PM

Total Wealth Planning & Management Inc. bought a new stake 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 (SEC). The fund bought 1,100 shares of the company’s stock, valued at approximately $200,000.

A number of other large investors also recently modified their holdings of PM. Brighton Jones LLC lifted its position in shares of Philip Morris International by 31.1% during the fourth 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 position in shares of Philip Morris International by 4.5% during the fourth 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 position in shares of Philip Morris International by 26.5% during the first 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 position in shares of Philip Morris International by 4.4% during the first 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 position in shares of Philip Morris International by 2.2% during the first 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 and hedge funds.

Philip Morris International Stock Performance

PM opened at $160.51 on Friday. The firm’s fifty day moving average is $164.24 and its two-hundred day moving average is $168.67. The firm has a market cap of $249.85 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 2.29 and a beta of 0.46. 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 posted its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The company had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.7%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date is Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is 111.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PM shares. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. UBS Group cut their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Barclays cut their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.44.

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.