Arkadios Wealth Advisors Has $1.51 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Arkadios Wealth Advisors grew its stake in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 5.0% during the 2nd quarter, Holdings Channel reports. The firm owned 15,337 shares of the company’s stock after buying an additional 734 shares during the period. Arkadios Wealth Advisors’ holdings in Philip Morris International were worth $1,514,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its holdings in shares of Philip Morris International by 1.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 105,113 shares of the company’s stock worth $9,985,000 after acquiring an additional 1,435 shares during the last quarter. Mutual Advisors LLC increased its holdings in shares of Philip Morris International by 7.6% during the 4th quarter. Mutual Advisors LLC now owns 27,024 shares of the company’s stock worth $2,567,000 after acquiring an additional 1,915 shares during the last quarter. Blair William & Co. IL boosted its stake in Philip Morris International by 13.2% in the 4th quarter. Blair William & Co. IL now owns 121,192 shares of the company’s stock valued at $11,513,000 after purchasing an additional 14,130 shares during the period. Jag Capital Management LLC boosted its stake in Philip Morris International by 19.1% in the 4th quarter. Jag Capital Management LLC now owns 4,010 shares of the company’s stock valued at $381,000 after purchasing an additional 642 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in Philip Morris International by 22.0% in the 4th quarter. IHT Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $672,000 after purchasing an additional 1,274 shares during the period. Institutional investors and hedge funds own 76.00% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM opened at $95.79 on Friday. The stock has a fifty day moving average price of $96.48 and a 200-day moving average price of $98.36. The company has a market cap of $148.49 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 3.72 and a beta of 0.62. Philip Morris International Inc. has a fifty-two week low of $85.64 and a fifty-two week high of $112.48.

Philip Morris International (NYSE:PMGet Rating) last released its earnings results on Thursday, July 21st. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.24. The firm had revenue of $7.83 billion during the quarter, compared to the consensus estimate of $6.76 billion. Philip Morris International had a negative return on equity of 115.36% and a net margin of 11.05%. The company’s revenue was down .1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. Research analysts predict that Philip Morris International Inc. will post 5.99 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Wednesday, September 28th will be given a dividend of $1.27 per share. This is an increase from Philip Morris International’s previous quarterly dividend of $1.25. This represents a $5.08 annualized dividend and a dividend yield of 5.30%. The ex-dividend date of this dividend is Tuesday, September 27th. Philip Morris International’s dividend payout ratio is currently 85.91%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Jefferies Financial Group reduced their price target on Philip Morris International from $107.00 to $99.00 in a research note on Tuesday, July 19th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.13.

Philip Morris International Company Profile

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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 that are sold in markets outside the United States.

Further Reading

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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