Outlook Wealth Advisors LLC Invests $227,000 in Philip Morris International Inc. $PM

Outlook Wealth Advisors LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,246 shares of the company’s stock, valued at approximately $227,000.

Other large investors also recently bought and sold shares of the company. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International during the 2nd quarter worth approximately $25,000. Traub Capital Management LLC purchased a new stake in Philip Morris International during the second quarter worth $25,000. Abound Wealth Management grew its position in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International in the first quarter valued at $30,000. Finally, Briaud Financial Planning Inc raised its position in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 120 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PM. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday, October 21st. KGI Securities assumed coverage on Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating on the stock. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. UBS Group dropped their price target on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note on Friday, September 5th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $189.56.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $156.05 on Wednesday. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69. The firm has a market capitalization of $242.92 billion, a PE ratio of 28.27, a P/E/G ratio of 2.21 and a beta of 0.43. The business’s 50 day moving average price is $157.08 and its 200-day moving average price is $167.63.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The business had revenue of $8.12 billion during the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. As a group, analysts expect 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 was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were 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 was 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 106.52%.

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.