Quotient Wealth Partners LLC Has $499,000 Position in Philip Morris International Inc. (NYSE:PM)

Quotient Wealth Partners LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,146 shares of the company’s stock after buying an additional 235 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Philip Morris International were worth $499,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Valley Wealth Managers Inc. boosted its holdings in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC raised its holdings in shares of Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners lifted its holdings in shares of Philip Morris International by 2,709.1% during the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after acquiring an additional 298 shares during the period. Asset Dedication LLC boosted its position in Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after buying an additional 147 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in Philip Morris International during the 3rd quarter worth approximately $54,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on PM shares. UBS Group increased their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Barclays reduced 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 report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. Finally, JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.35.

Philip Morris International Stock Down 0.6 %

Shares of NYSE:PM opened at $144.40 on Monday. The firm has a market cap of $224.51 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $146.78. The company’s fifty day simple moving average is $125.66 and its 200 day simple moving average is $123.97.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. Research analysts expect that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.74%. Philip Morris International’s dividend payout ratio is 119.73%.

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.