Kestra Private Wealth Services LLC Has $5.27 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Kestra Private Wealth Services LLC lifted its stake in Philip Morris International Inc. (NYSE:PM) by 20.1% during the 4th quarter, HoldingsChannel reports. The fund owned 43,782 shares of the company’s stock after buying an additional 7,340 shares during the period. Kestra Private Wealth Services LLC’s holdings in Philip Morris International were worth $5,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fiduciary Financial Group LLC bought a new stake in shares of Philip Morris International in the third quarter valued at about $320,000. Annex Advisory Services LLC raised its holdings in Philip Morris International by 1.6% in the 3rd quarter. Annex Advisory Services LLC now owns 13,380 shares of the company’s stock valued at $1,624,000 after acquiring an additional 212 shares in the last quarter. Carnegie Investment Counsel lifted its position in shares of Philip Morris International by 1.3% in the 3rd quarter. Carnegie Investment Counsel now owns 102,038 shares of the company’s stock worth $12,387,000 after acquiring an additional 1,318 shares during the period. Koshinski Asset Management Inc. grew its holdings in shares of Philip Morris International by 3.9% during the 3rd quarter. Koshinski Asset Management Inc. now owns 12,348 shares of the company’s stock worth $1,499,000 after purchasing an additional 462 shares in the last quarter. Finally, McGlone Suttner Wealth Management Inc. increased its position in shares of Philip Morris International by 16.7% during the third quarter. McGlone Suttner Wealth Management Inc. now owns 5,222 shares of the company’s stock valued at $634,000 after purchasing an additional 746 shares during the period. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Stifel Nicolaus raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday. UBS Group raised their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 target price on the stock. Barclays cut 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 research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upped their price objective 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $134.35.

Philip Morris International Trading Down 0.6 %

NYSE:PM opened at $144.40 on Monday. The stock has a market capitalization of $224.51 billion, a P/E 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 1 year low of $87.82 and a 1 year high of $146.78. The firm has a 50 day moving average of $125.66 and a 200-day moving average of $123.97.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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, 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 disclosed a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s payout ratio is presently 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.