Philip Morris International Inc. $PM Stock Holdings Lifted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC lifted its position in Philip Morris International Inc. (NYSE:PM) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 50,012 shares of the company’s stock after acquiring an additional 526 shares during the period. Concurrent Investment Advisors LLC’s holdings in Philip Morris International were worth $9,109,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. PFS Partners LLC increased its position in shares of Philip Morris International by 24.8% in the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after acquiring an additional 58 shares in the last quarter. Perigon Wealth Management LLC boosted its holdings in shares of Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after purchasing an additional 60 shares during the period. TBH Global Asset Management LLC boosted its holdings in shares of Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock worth $1,100,000 after purchasing an additional 61 shares during the period. Uncommon Cents Investing LLC boosted its holdings in shares of Philip Morris International by 1.1% during the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after purchasing an additional 61 shares during the period. Finally, NFP Retirement Inc. boosted its holdings in shares of Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after purchasing an additional 62 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 2.3%

NYSE PM opened at $160.51 on Friday. The stock has a market capitalization of $249.85 billion, a PE ratio of 30.52, a price-to-earnings-growth ratio of 2.34 and a beta of 0.46. The company has a 50 day moving average price of $164.24 and a two-hundred day moving average price of $168.77. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-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 (EPS) for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a $1.47 dividend. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.7%. Philip Morris International’s dividend payout ratio is presently 111.79%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays decreased their price target on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating for the company in a report on Wednesday, July 30th. KGI Securities assumed coverage on shares of Philip Morris International in a report on Monday, August 4th. They set an “outperform” rating for the company. UBS Group decreased their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Needham & Company LLC restated a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Jefferies Financial Group assumed coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $195.44.

About Philip Morris International

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.