Angeles Wealth Management LLC Grows Position in Philip Morris International Inc. (NYSE:PM)

Angeles Wealth Management LLC increased its holdings in Philip Morris International Inc. (NYSE:PM) by 13.0% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,526 shares of the company’s stock after buying an additional 750 shares during the quarter. Angeles Wealth Management LLC’s holdings in Philip Morris International were worth $785,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research firms recently commented on PM. UBS Group upped their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Stifel Nicolaus upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday. Finally, Barclays dropped their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $134.35.

Philip Morris International Stock Performance

Shares of PM stock opened at $144.40 on Monday. The stock has a fifty day simple moving average of $125.66 and a two-hundred day simple moving average of $123.97. The firm has a market capitalization of $224.51 billion, a PE ratio of 32.02, a PEG 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.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.74%. Philip Morris International’s dividend payout ratio is 119.73%.

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.