Wingate Wealth Advisors Inc. Buys Shares of 3,729 Philip Morris International Inc. (NYSE:PM)

Wingate Wealth Advisors Inc. purchased a new position in Philip Morris International Inc. (NYSE:PM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,729 shares of the company’s stock, valued at approximately $449,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valley Wealth Managers Inc. grew its stake in Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC boosted its holdings in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners grew its position in shares of Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after buying an additional 298 shares during the period. Asset Dedication LLC increased its stake in shares of Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company’s stock valued at $50,000 after acquiring an additional 147 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of Philip Morris International during the 3rd quarter valued at $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of a number of research reports. Barclays reduced their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group upped their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday. Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $134.35.

Philip Morris International Stock Down 0.6 %

Shares of Philip Morris International stock opened at $144.40 on Monday. The company has a market cap of $224.51 billion, a PE ratio of 32.02, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $146.78. The business has a 50 day moving average price of $125.66 and a 200-day moving average price of $123.97.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.11 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.74%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

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.