MB Levis & Associates LLC Raises Holdings in Philip Morris International Inc. $PM

MB Levis & Associates LLC increased its position in Philip Morris International Inc. (NYSE:PM) by 35.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 594 shares of the company’s stock after buying an additional 157 shares during the period. MB Levis & Associates LLC’s holdings in Philip Morris International were worth $108,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Abound Wealth Management raised its position in Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International in the first quarter valued at about $30,000. CBIZ Investment Advisory Services LLC raised its position in Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock valued at $32,000 after purchasing an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new position in Philip Morris International in the first quarter valued at about $34,000. Finally, Redmont Wealth Advisors LLC purchased a new position in Philip Morris International in the first quarter valued at about $35,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 1.3%

Shares of NYSE PM opened at $158.08 on Friday. The stock’s 50 day moving average price is $163.40 and its two-hundred day moving average price is $168.82. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69. The stock has a market capitalization of $246.06 billion, a P/E ratio of 30.05, a PEG ratio of 2.31 and a beta of 0.46.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $8.12 billion for the quarter. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be paid a $1.47 dividend. The ex-dividend date is Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. Philip Morris International’s payout ratio is presently 111.79%.

Analyst Ratings Changes

PM has been the topic of several research reports. Needham & Company LLC reissued a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Barclays dropped their target price on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. UBS Group dropped their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Finally, KGI Securities began coverage on Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $195.44.

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.