Advisory Services Network LLC Acquires 7,478 Shares of Philip Morris International Inc. $PM

Advisory Services Network LLC grew its stake in Philip Morris International Inc. (NYSE:PM) by 10.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,582 shares of the company’s stock after acquiring an additional 7,478 shares during the period. Advisory Services Network LLC’s holdings in Philip Morris International were worth $14,859,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Prudential Financial Inc. raised its holdings in shares of Philip Morris International by 88.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock worth $389,415,000 after buying an additional 1,006,014 shares in the last quarter. Trek Financial LLC boosted its stake in Philip Morris International by 732.3% in the second quarter. Trek Financial LLC now owns 42,829 shares of the company’s stock valued at $7,801,000 after buying an additional 37,683 shares in the last quarter. Klingman & Associates LLC grew its position in Philip Morris International by 44.5% in the second quarter. Klingman & Associates LLC now owns 6,615 shares of the company’s stock valued at $1,205,000 after acquiring an additional 2,038 shares during the last quarter. Brighton Jones LLC grew its position in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in Philip Morris International by 2.0% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,176,001 shares of the company’s stock worth $578,445,000 after acquiring an additional 63,448 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research analyst reports. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a research note on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Wednesday, October 22nd. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the company an “overweight” rating in a research note on Wednesday, October 22nd. Finally, Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $189.00.

Philip Morris International Stock Up 1.7%

Shares of Philip Morris International stock opened at $153.49 on Friday. The stock has a market cap of $238.93 billion, a price-to-earnings ratio of 27.81, a P/E/G ratio of 1.83 and a beta of 0.42. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company’s fifty day moving average is $153.62 and its 200 day moving average is $165.26.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm 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 anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, December 26th. Philip Morris International’s payout ratio is presently 106.52%.

Philip Morris International 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.