Endowment Wealth Management Inc. Sells 69 Shares of Philip Morris International Inc. $PM

Endowment Wealth Management Inc. cut its position in Philip Morris International Inc. (NYSE:PM) by 5.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,200 shares of the company’s stock after selling 69 shares during the quarter. Endowment Wealth Management Inc.’s holdings in Philip Morris International were worth $219,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in shares of Philip Morris International by 0.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 134,496 shares of the company’s stock valued at $24,496,000 after buying an additional 900 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Philip Morris International by 11.0% in the second quarter. Sequoia Financial Advisors LLC now owns 98,956 shares of the company’s stock valued at $18,023,000 after buying an additional 9,801 shares in the last quarter. Vest Financial LLC boosted its position in Philip Morris International by 39.3% during the second quarter. Vest Financial LLC now owns 21,330 shares of the company’s stock worth $3,885,000 after purchasing an additional 6,015 shares during the period. Lion Street Advisors LLC boosted its position in Philip Morris International by 5.6% during the second quarter. Lion Street Advisors LLC now owns 4,609 shares of the company’s stock worth $839,000 after purchasing an additional 245 shares during the period. Finally, MGO One Seven LLC boosted its position in Philip Morris International by 23.3% during the second quarter. MGO One Seven LLC now owns 30,527 shares of the company’s stock worth $5,560,000 after purchasing an additional 5,763 shares during the period. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

PM has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their target price on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, UBS Group decreased their price target on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International Price Performance

Shares of PM opened at $160.51 on Monday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company has a market cap of $249.85 billion, a P/E ratio of 30.52, a P/E/G ratio of 2.34 and a beta of 0.46. The firm has a 50 day simple moving average of $164.24 and a two-hundred day simple moving average of $168.87.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The company 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%. On average, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be issued 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 yield of 3.7%. Philip Morris International’s dividend payout ratio (DPR) is currently 111.79%.

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.