Accretive Wealth Partners LLC Grows Stake in Philip Morris International Inc. $PM

Accretive Wealth Partners LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 0.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,679 shares of the company’s stock after buying an additional 121 shares during the period. Accretive Wealth Partners LLC’s holdings in Philip Morris International were worth $2,673,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Abound Wealth Management raised its holdings in 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 in the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in shares of Philip Morris International during the 1st quarter valued at about $30,000. CBIZ Investment Advisory Services LLC increased its position in shares of Philip Morris International by 405.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after buying an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new position in Philip Morris International in the first quarter worth about $34,000. Finally, Redmont Wealth Advisors LLC purchased a new stake in Philip Morris International in the first quarter worth about $35,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 1.3%

Shares of NYSE:PM opened at $158.08 on Monday. The stock has a fifty day simple moving average of $163.40 and a two-hundred day simple moving average of $168.86. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock has a market capitalization of $246.06 billion, a price-to-earnings ratio of 30.05, a PEG ratio of 2.31 and a beta of 0.46.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently announced 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 annualized dividend and a yield of 3.7%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International’s dividend payout ratio is presently 111.79%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PM. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. KGI Securities started coverage on Philip Morris International in a research note on Monday, August 4th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a report on Thursday, July 10th. Citigroup restated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.44.

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.