4,022 Shares in Philip Morris International Inc. $PM Purchased by Leslie Global Wealth LLC

Leslie Global Wealth LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,022 shares of the company’s stock, valued at approximately $733,000. Philip Morris International comprises 0.4% of Leslie Global Wealth LLC’s investment portfolio, making the stock its 29th largest position.

A number of other institutional investors also recently made changes to their positions in the business. Legacy Investment Solutions LLC acquired a new stake in Philip Morris International in the second quarter valued at $25,000. Traub Capital Management LLC acquired a new position in Philip Morris International during the 2nd quarter worth $25,000. Abound Wealth Management increased its position in shares of Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares during the last quarter. Briaud Financial Planning Inc raised its stake in shares of Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares in the last quarter. Finally, Kelly Lawrence W & Associates Inc. CA bought a new position in shares of Philip Morris International during the first quarter worth about $30,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.5%

PM stock opened at $157.25 on Friday. The firm’s 50-day moving average is $155.69 and its two-hundred day moving average is $166.83. The company has a market capitalization of $244.78 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 1.86 and a beta of 0.43. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm had revenue of $8.12 billion for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 20th. Investors of record on Friday, October 3rd were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, October 3rd. This is an increase 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 is presently 106.52%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PM. JPMorgan Chase & Co. reduced their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a report on Wednesday, October 22nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. 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. Finally, Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $189.00.

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.