Copperleaf Capital LLC Grows Stock Position in Philip Morris International Inc. $PM

Copperleaf Capital LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 11.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,406 shares of the company’s stock after purchasing an additional 671 shares during the quarter. Copperleaf Capital LLC’s holdings in Philip Morris International were worth $1,167,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PM. Legacy Investment Solutions LLC purchased a new stake in shares of Philip Morris International in the second quarter valued at about $25,000. Traub Capital Management LLC purchased a new position in Philip Morris International in the second quarter worth approximately $25,000. Abound Wealth Management increased its stake in 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 acquiring an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA purchased a new stake in Philip Morris International in the first quarter valued at $30,000. Finally, Briaud Financial Planning Inc lifted its stake in shares of Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 2.2%

Philip Morris International stock opened at $156.05 on Wednesday. The firm has a market capitalization of $242.92 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.21 and a beta of 0.43. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The stock’s fifty day simple moving average is $157.08 and its 200-day simple moving average is $167.63.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. UBS Group lowered their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research note on Friday, September 5th. Needham & Company LLC reaffirmed a “buy” rating and set a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a report on Tuesday, October 21st. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, KGI Securities started coverage on Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating for the company. Twelve equities 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 a consensus rating of “Moderate Buy” and a consensus target price of $189.56.

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.