Brookstone Capital Management Has $4.78 Million Holdings in Philip Morris International Inc. $PM

Brookstone Capital Management lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,267 shares of the company’s stock after purchasing an additional 222 shares during the period. Brookstone Capital Management’s holdings in Philip Morris International were worth $4,784,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Abound Wealth Management lifted its holdings in shares of Philip Morris International by 566.7% during the second 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. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the first quarter worth $30,000. CBIZ Investment Advisory Services LLC lifted its holdings 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 worth $32,000 after purchasing an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Philip Morris International during the first quarter worth $34,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International during the first quarter worth $35,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.7%

PM opened at $158.03 on Friday. 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 $245.99 billion, a P/E ratio of 28.63, a price-to-earnings-growth ratio of 2.29 and a beta of 0.46. The company has a fifty day moving average price of $162.50 and a two-hundred day moving average price of $168.77.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 11.02% and a negative return on equity of 122.14%. The firm had revenue of $8.12 billion during the quarter. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.7%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s payout ratio is presently 106.52%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PM shares. Morgan Stanley set a $175.00 target price on shares of Philip Morris International and gave the company an “overweight” rating in a report on Wednesday. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a report on Tuesday. UBS Group dropped their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a report on Friday, September 5th. Barclays dropped their target price on shares of Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a report on Wednesday. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus target price of $194.00.

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.