Vision Financial Markets LLC Has $714,000 Stock Holdings in Philip Morris International Inc. $PM

Vision Financial Markets LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 283.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,922 shares of the company’s stock after purchasing an additional 2,900 shares during the quarter. Vision Financial Markets LLC’s holdings in Philip Morris International were worth $714,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Abound Wealth Management grew its stake in shares of Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 136 shares in the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new stake in Philip Morris International in the first quarter valued at $30,000. Briaud Financial Planning Inc lifted its stake in Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after acquiring an additional 120 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after acquiring an additional 162 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Philip Morris International in the 1st quarter valued at about $34,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 2.7%

Shares of NYSE:PM opened at $153.35 on Tuesday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The business has a 50 day moving average of $162.06 and a 200-day moving average of $169.11. The stock has a market cap of $238.70 billion, a PE ratio of 27.78, a P/E/G ratio of 2.28 and a beta of 0.46.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The business 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%. Equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a research report on Wednesday, October 22nd. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Finally, UBS Group cut their price target on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $194.00.

Philip Morris International 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.