Phoenix Wealth Advisors Invests $229,000 in Philip Morris International Inc. (NYSE:PM)

Phoenix Wealth Advisors purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,901 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Valley Wealth Managers Inc. lifted its stake in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC lifted its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners lifted its stake in shares of Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after buying an additional 298 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Philip Morris International during the 3rd quarter valued at $54,000. Finally, Retirement Wealth Solutions LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at $54,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group lifted their target price on shares of Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday, October 23rd. Barclays lowered their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. The Goldman Sachs Group boosted their price target on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Stock Up 1.8 %

Philip Morris International stock opened at $123.78 on Wednesday. The company’s 50-day moving average price is $125.43 and its 200-day moving average price is $121.76. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $134.15. The company has a market cap of $192.46 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.99 and a beta of 0.54.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.67 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 6.5 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 4.36%. Philip Morris International’s payout ratio is 85.71%.

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.