Philip Morris International Inc. $PM Shares Newly Purchased by Hollow Brook Wealth Management LLC

Hollow Brook Wealth Management LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 2,603 shares of the company’s stock, valued at approximately $497,000.

Other large investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Philip Morris International during the second quarter worth $29,000. Cedar Mountain Advisors LLC raised its holdings in shares of Philip Morris International by 60.2% during the first quarter. Cedar Mountain Advisors LLC now owns 189 shares of the company’s stock worth $31,000 after acquiring an additional 71 shares during the period. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Philip Morris International during the second quarter worth $34,000. Kilter Group LLC bought a new stake in Philip Morris International in the 2nd quarter valued at $35,000. Finally, Wilkerson Advisory Group LLC lifted its position in Philip Morris International by 109.2% in the 1st quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company’s stock valued at $34,000 after acquiring an additional 107 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Down 0.0%

Shares of PM opened at $208.72 on Monday. The stock has a market capitalization of $325.32 billion, a P/E ratio of 30.47, a P/E/G ratio of 2.80 and a beta of 0.34. Philip Morris International Inc. has a twelve month low of $142.11 and a twelve month high of $214.35. The company has a 50 day moving average of $194.20 and a 200-day moving average of $181.93.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.06. The business had revenue of $11.44 billion for the quarter, compared to analyst estimates 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 firm posted $2.24 earnings per share. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 8.32 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Friday, October 2nd were paid a $1.60 dividend. This represents a $6.40 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, October 2nd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.47. Philip Morris International’s dividend payout ratio (DPR) is presently 93.43%.

Analysts Set New Price Targets

PM has been the subject of a number of research analyst reports. BTIG Research set a $221.00 target price on shares of Philip Morris International and gave the stock a “buy” rating in a research note on Friday, July 24th. Morgan Stanley lifted their price target on Philip Morris International from $200.00 to $215.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Stifel Nicolaus lifted their price target on Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, July 23rd. UBS Group boosted their price target on 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 upped their price objective on Philip Morris International from $210.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, October 26th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $209.70.

Philip Morris International Company Profile

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.