Foster Victor Wealth Advisors LLC Purchases 10,139 Shares of Philip Morris International Inc. $PM

Foster Victor Wealth Advisors LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,052 shares of the company’s stock after buying an additional 10,139 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Philip Morris International were worth $16,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PM. Legacy Investment Solutions LLC bought a new position in Philip Morris International during the 2nd quarter worth about $25,000. Traub Capital Management LLC bought a new stake in shares of Philip Morris International in the 2nd quarter valued at about $25,000. Abound Wealth Management lifted 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 period. Estabrook Capital Management bought a new position in shares of Philip Morris International during the second quarter valued at approximately $30,000. Finally, Briaud Financial Planning Inc increased its holdings in Philip Morris International by 266.7% during the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after buying an additional 120 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent research reports. Barclays lowered their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. JPMorgan Chase & Co. dropped their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Price Performance

Shares of PM stock opened at $157.07 on Friday. The stock’s fifty day moving average price is $153.79 and its 200 day moving average price is $164.47. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69. The company has a market cap of $244.49 billion, a price-to-earnings ratio of 28.45, a price-to-earnings-growth ratio of 1.87 and a beta of 0.42.

Philip Morris International (NYSE:PM) last released its quarterly earnings results 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 negative return on equity of 122.14% and a net margin of 9.33%. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be paid a $1.47 dividend. The ex-dividend date is Friday, December 26th. 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 106.52%.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.