Philip Morris International Inc. $PM Stock Sold by Elevated Capital Advisors LLC

Elevated Capital Advisors LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 82.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,007 shares of the company’s stock after selling 4,742 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Philip Morris International were worth $192,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in shares of Philip Morris International in the second quarter valued at $29,000. Wilkerson Advisory Group LLC raised its stake in shares of Philip Morris International by 109.2% during the 1st quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company’s stock worth $34,000 after buying an additional 107 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new position in shares of Philip Morris International during the 2nd quarter worth $34,000. Kilter Group LLC purchased a new stake in shares of Philip Morris International in the 2nd quarter worth about $35,000. Finally, Evergreen Advisors LLC purchased a new stake in shares of Philip Morris International in the 1st quarter worth about $46,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.6%

Philip Morris International stock opened at $194.31 on Wednesday. The stock has a market cap of $302.86 billion, a PE ratio of 28.37, a P/E/G ratio of 2.59 and a beta of 0.34. The stock has a 50-day moving average price of $195.73 and a 200 day moving average price of $183.05. Philip Morris International Inc. has a 52 week low of $146.35 and a 52 week high of $214.35.

Philip Morris International (NYSE:PM) last announced its earnings results on Wednesday, October 21st. The company reported $2.36 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.06. The firm had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $11.32 billion. Philip Morris International had a net margin of 10.73% and a negative return on equity of 183.96%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.24 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 8.32 EPS for the current year.

Philip Morris International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Friday, October 2nd were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. The ex-dividend date was Friday, October 2nd. Philip Morris International’s payout ratio is presently 93.43%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Barclays increased their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley lifted their target price on shares of Philip Morris International from $200.00 to $215.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Citigroup lifted their target price on shares of Philip Morris International from $210.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. UBS Group upped their price target on shares of Philip Morris International from $193.00 to $201.00 and gave the company a “neutral” rating in a report on Thursday, October 22nd. Finally, Argus increased their price target on shares of Philip Morris International from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $213.90.

Philip Morris International Company Profile

Philip Morris International is a global tobacco and nicotine company that develops, manufactures and sells cigarettes and smoke-free products. Its cigarette brands include Marlboro in markets outside the United States, along with other regional and international brands. The company’s smoke-free portfolio includes IQOS heated tobacco products, ZYN nicotine pouches and VEEV e-vapor products. Philip Morris International sells its products in markets around the world, with availability varying by country and subject to local regulations.