Arkadios Wealth Advisors Has $1.51 Million Position in Philip Morris International Inc. (NYSE:PM)

Arkadios Wealth Advisors grew its holdings in Philip Morris International Inc. (NYSE:PMGet Rating) by 5.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,337 shares of the company’s stock after buying an additional 734 shares during the quarter. Arkadios Wealth Advisors’ holdings in Philip Morris International were worth $1,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tcwp LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at $26,000. Bivin & Associates Inc. acquired a new stake in Philip Morris International in the fourth quarter worth about $27,000. Sandy Cove Advisors LLC acquired a new stake in Philip Morris International in the first quarter worth about $28,000. American National Bank increased its position in Philip Morris International by 89.1% in the first quarter. American National Bank now owns 312 shares of the company’s stock worth $29,000 after purchasing an additional 147 shares during the period. Finally, Oliver Lagore Vanvalin Investment Group acquired a new stake in Philip Morris International in the first quarter worth about $33,000. 76.00% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.7 %

Shares of PM opened at $95.79 on Friday. Philip Morris International Inc. has a 1 year low of $85.64 and a 1 year high of $112.48. The stock has a market cap of $148.49 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 3.72 and a beta of 0.62. The stock’s 50-day moving average price is $96.48 and its two-hundred day moving average price is $98.36.

Philip Morris International (NYSE:PMGet Rating) last issued its earnings results on Thursday, July 21st. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.24. Philip Morris International had a negative return on equity of 115.36% and a net margin of 11.05%. The firm had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $6.76 billion. During the same quarter last year, the business earned $1.57 earnings per share. The company’s revenue was down .1% compared to the same quarter last year. As a group, equities analysts forecast that Philip Morris International Inc. will post 5.99 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Stockholders of record on Wednesday, September 28th will be issued a dividend of $1.27 per share. This represents a $5.08 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Tuesday, September 27th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.25. Philip Morris International’s payout ratio is 85.91%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Jefferies Financial Group lowered their price objective on Philip Morris International from $107.00 to $99.00 in a research report on Tuesday, July 19th. upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Tuesday, July 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $109.13.

About Philip Morris International

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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 that are sold in markets outside the United States.

Further Reading

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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