Consilio Wealth Advisors LLC Boosts Holdings in Philip Morris International Inc. $PM

Consilio Wealth Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 5.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,640 shares of the company’s stock after acquiring an additional 87 shares during the period. Consilio Wealth Advisors LLC’s holdings in Philip Morris International were worth $297,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PM. Abound Wealth Management raised its position in shares of Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International in the first quarter worth about $30,000. CBIZ Investment Advisory Services LLC raised its position in shares of Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Philip Morris International in the first quarter worth about $34,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International in the first quarter worth about $35,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. UBS Group reduced 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 research report on Friday, September 5th. Barclays reduced 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 research report on Wednesday, July 30th. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, KGI Securities began coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating for the company. Eleven analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.44.

Philip Morris International Trading Down 1.2%

PM stock opened at $155.82 on Friday. The company has a market cap of $242.55 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.30 and a beta of 0.46. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The firm has a 50-day moving average of $163.64 and a two-hundred day moving average of $168.73.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 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%. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is currently 111.79%.

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.