Opal Wealth Advisors LLC Acquires 467 Shares of Philip Morris International Inc. (NYSE:PM)

Opal Wealth Advisors LLC grew its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 10.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,910 shares of the company’s stock after buying an additional 467 shares during the period. Opal Wealth Advisors LLC’s holdings in Philip Morris International were worth $591,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Wingate Wealth Advisors Inc. bought a new stake in Philip Morris International in the 4th quarter valued at about $449,000. MBA Advisors LLC grew its stake in Philip Morris International by 5.5% in the fourth quarter. MBA Advisors LLC now owns 4,457 shares of the company’s stock valued at $536,000 after acquiring an additional 233 shares during the period. Elevate Capital Advisors LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $1,398,000. Savant Capital LLC raised its position in shares of Philip Morris International by 2.5% during the fourth quarter. Savant Capital LLC now owns 47,813 shares of the company’s stock worth $5,754,000 after purchasing an additional 1,148 shares during the period. Finally, Wagner Wealth Management LLC lifted its holdings in shares of Philip Morris International by 6.3% in the 4th quarter. Wagner Wealth Management LLC now owns 6,392 shares of the company’s stock worth $769,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $144.40 on Monday. The company has a market capitalization 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 1 year low of $87.82 and a 1 year high of $146.78. The business has a fifty day moving average price of $125.66 and a two-hundred day moving average price of $123.97.

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

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors 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 payout ratio is 119.73%.

Wall Street Analyst Weigh In

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

About Philip Morris International

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.