Hemington Wealth Management Buys 90 Shares of Philip Morris International Inc. (NYSE:PM)

Hemington Wealth Management increased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 4.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,198 shares of the company’s stock after acquiring an additional 90 shares during the period. Hemington Wealth Management’s holdings in Philip Morris International were worth $264,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PM. CX Institutional raised its stake in Philip Morris International by 6.7% in the third quarter. CX Institutional now owns 7,562 shares of the company’s stock valued at $918,000 after buying an additional 475 shares during the period. Creative Planning raised its stake in Philip Morris International by 5.6% in the third quarter. Creative Planning now owns 365,549 shares of the company’s stock valued at $44,378,000 after buying an additional 19,490 shares during the period. Occidental Asset Management LLC raised its stake in Philip Morris International by 13.0% in the third quarter. Occidental Asset Management LLC now owns 2,585 shares of the company’s stock valued at $314,000 after buying an additional 297 shares during the period. Acorn Creek Capital LLC acquired a new position in shares of Philip Morris International in the third quarter valued at approximately $213,000. Finally, Cascade Investment Group Inc. acquired a new position in shares of Philip Morris International in the third quarter valued at approximately $215,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM opened at $149.94 on Thursday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $150.24. The business’s fifty day moving average is $126.34 and its 200-day moving average is $124.54. The firm has a market cap of $233.13 billion, a price-to-earnings ratio of 33.25, a PEG ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts forecast that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed 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. This represents a $5.40 annualized dividend and a dividend yield of 3.60%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Wall Street Analyst Weigh In

Several research firms have recently commented on PM. Morgan Stanley began coverage on Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday. JPMorgan Chase & Co. upped their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, UBS Group raised their price objective on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday, February 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $134.35.

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.