Tred Avon Family Wealth LLC Purchases New Position in Philip Morris International Inc. $PM

Tred Avon Family Wealth LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,475 shares of the company’s stock, valued at approximately $1,375,000.

A number of other institutional investors and hedge funds have also bought and sold shares of PM. Brighton Jones LLC increased its holdings in shares of Philip Morris International by 31.1% in the fourth 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 period. Revolve Wealth Partners LLC boosted its position in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in Philip Morris International by 53.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,636 shares of the company’s stock worth $1,027,000 after buying an additional 1,970 shares during the period. Focus Financial Network Inc. raised its position in Philip Morris International by 11.1% during the 2nd quarter. Focus Financial Network Inc. now owns 5,847 shares of the company’s stock worth $1,065,000 after buying an additional 583 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group purchased a new position in Philip Morris International during the 2nd quarter worth approximately $205,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PM has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Barclays decreased their price objective on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Finally, Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, January 10th. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Stock Up 0.6%

NYSE:PM opened at $173.66 on Friday. Philip Morris International Inc. has a 52 week low of $119.30 and a 52 week high of $186.69. The stock’s 50-day moving average price is $157.72 and its 200-day moving average price is $161.76. The stock has a market capitalization of $270.33 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.87 and a beta of 0.40.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Friday, October 24th. The company reported $2.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.14. The company had revenue of $10.85 billion for the quarter, compared to the consensus estimate of $10.67 billion. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.Philip Morris International’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.91 earnings per share. Sell-side analysts expect 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 disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a dividend of $1.47 per share. The ex-dividend date was Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. Philip Morris International’s dividend payout ratio is currently 106.52%.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.