Philip Morris International Inc. $PM Stake Lessened by Brookwood Investment Group LLC

Brookwood Investment Group LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM) by 3.9% in the second quarter, Holdings Channel.com reports. The firm owned 2,672 shares of the company’s stock after selling 109 shares during the period. Brookwood Investment Group LLC’s holdings in Philip Morris International were worth $487,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Abound Wealth Management increased its stake in shares of Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the last quarter. Briaud Financial Planning Inc increased its stake in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after acquiring an additional 120 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International in the first quarter worth $30,000. CBIZ Investment Advisory Services LLC increased its stake in shares of Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 162 shares during the last quarter. Finally, Solstein Capital LLC acquired a new position in shares of Philip Morris International in the second quarter worth $37,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PM shares. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target on the stock. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Barclays lowered their target price on shares of 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. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Twelve research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $194.00.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $153.35 on Tuesday. The company has a market cap of $238.70 billion, a P/E ratio of 27.78, a P/E/G ratio of 2.28 and a beta of 0.46. The stock’s 50-day moving average is $162.06 and its 200-day moving average is $169.11. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. The company had revenue of $8.12 billion for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were given a $1.47 dividend. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is 106.52%.

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.