Philip Morris International Inc. $PM Shares Acquired by Park Edge Advisors LLC

Park Edge Advisors LLC raised its position in Philip Morris International Inc. (NYSE:PM) by 416.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,615 shares of the company’s stock after purchasing an additional 7,753 shares during the quarter. Park Edge Advisors LLC’s holdings in Philip Morris International were worth $1,560,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PM. Brighton Jones LLC lifted its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after acquiring an additional 91 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Philip Morris International by 2.2% in the 1st quarter. American Century Companies Inc. now owns 14,748 shares of the company’s stock valued at $2,341,000 after acquiring an additional 323 shares during the period. JT Stratford LLC acquired a new position in shares of Philip Morris International in the 1st quarter worth approximately $222,000. Finally, Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of Philip Morris International by 4.1% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,470 shares of the company’s stock worth $5,312,000 after purchasing an additional 1,333 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.8%

Shares of PM opened at $157.27 on Friday. The firm has a market capitalization of $244.81 billion, a price-to-earnings ratio of 28.49, a PEG ratio of 1.89 and a beta of 0.42. The firm’s fifty day simple moving average is $153.86 and its 200-day simple moving average is $164.77. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

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

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be paid a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio is currently 106.52%.

Wall Street Analysts Forecast Growth

PM has been the topic of several research reports. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. UBS Group dropped their price target 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. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Twelve 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 presently has a consensus rating of “Moderate Buy” and an average price target of $189.00.

About Philip Morris International

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.