Asset Planning Services Inc. LA ADV Increases Stake in Philip Morris International Inc. (NYSE:PM)

Asset Planning Services Inc. LA ADV raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,140 shares of the company’s stock after buying an additional 180 shares during the quarter. Philip Morris International comprises about 3.1% of Asset Planning Services Inc. LA ADV’s portfolio, making the stock its 13th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in Philip Morris International were worth $6,395,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PM. True North Advisors LLC increased its holdings in shares of Philip Morris International by 9.8% in the fourth quarter. True North Advisors LLC now owns 2,253 shares of the company’s stock valued at $271,000 after purchasing an additional 202 shares during the last quarter. Wesbanco Bank Inc. increased its stake in shares of Philip Morris International by 0.7% in the 4th quarter. Wesbanco Bank Inc. now owns 27,569 shares of the company’s stock worth $3,318,000 after acquiring an additional 183 shares during the last quarter. Evolution Wealth Advisors LLC acquired a new position in shares of Philip Morris International during the 4th quarter valued at about $275,000. Marino Stram & Associates LLC grew its holdings in shares of Philip Morris International by 1.8% in the fourth quarter. Marino Stram & Associates LLC now owns 12,687 shares of the company’s stock valued at $1,527,000 after purchasing an additional 222 shares during the period. Finally, Magnus Financial Group LLC acquired a new stake in Philip Morris International during the fourth quarter worth about $427,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.7 %

Shares of PM stock opened at $122.91 on Thursday. The firm has a 50 day moving average of $125.43 and a two-hundred day moving average of $121.76. The stock has a market capitalization of $191.11 billion, a PE ratio of 19.51, a P/E/G ratio of 2.03 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm had revenue of $9.91 billion during the quarter, compared to analyst estimates of $9.68 billion. During the same period last year, the business posted $1.67 earnings per share. Philip Morris International’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that Philip Morris International Inc. will post 6.5 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is presently 85.71%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Morgan Stanley initiated coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, Barclays decreased their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $131.35.

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.