VAUGHAN & Co SECURITIES INC. Lowers Stock Holdings in Philip Morris International Inc. $PM

VAUGHAN & Co SECURITIES INC. lowered its stake in Philip Morris International Inc. (NYSE:PM) by 41.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,986 shares of the company’s stock after selling 3,462 shares during the period. Philip Morris International makes up approximately 0.4% of VAUGHAN & Co SECURITIES INC.’s portfolio, making the stock its 23rd biggest holding. VAUGHAN & Co SECURITIES INC.’s holdings in Philip Morris International were worth $809,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PM. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International in the 2nd quarter worth $25,000. Traub Capital Management LLC purchased a new position in Philip Morris International during the second quarter worth about $25,000. Abound Wealth Management lifted its position in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. Estabrook Capital Management purchased a new stake in Philip Morris International in the 2nd quarter valued at approximately $30,000. Finally, Briaud Financial Planning Inc increased its position in Philip Morris International by 266.7% during the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after purchasing an additional 120 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Down 1.0%

Philip Morris International stock opened at $161.06 on Monday. The firm’s 50-day simple moving average is $154.15 and its 200 day simple moving average is $163.66. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The firm has a market capitalization of $250.72 billion, a PE ratio of 29.18, a P/E/G ratio of 1.93 and a beta of 0.42.

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 for the quarter. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. On average, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio is 106.52%.

Analysts Set New Price Targets

Several analysts have recently commented on PM shares. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a research report on Tuesday, October 21st. JPMorgan Chase & Co. cut their price target on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Citigroup reissued a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Company Profile

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.