Caldwell Trust Co Makes New $4.64 Million Investment in Philip Morris International Inc. $PM

Caldwell Trust Co acquired a new stake in Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 25,461 shares of the company’s stock, valued at approximately $4,637,000.

Several other institutional investors have also recently made changes to their positions in PM. Legacy Investment Solutions LLC acquired a new position in shares of Philip Morris International in the 2nd quarter valued at about $25,000. Traub Capital Management LLC acquired a new stake in Philip Morris International during the second quarter worth about $25,000. Abound Wealth Management raised its position in Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after acquiring an additional 136 shares in the last quarter. Estabrook Capital Management acquired a new position in Philip Morris International in the second quarter valued at approximately $30,000. Finally, Briaud Financial Planning Inc boosted its position in Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PM shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. UBS Group dropped their price target on shares of 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. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a report on Tuesday, October 21st. JPMorgan Chase & Co. lowered their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 26th. Finally, Citigroup restated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $153.49 on Monday. The firm has a fifty day moving average of $153.62 and a 200 day moving average of $165.16. The firm has a market cap of $238.93 billion, a PE ratio of 27.81, a PEG ratio of 1.83 and a beta of 0.42. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69.

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

Philip Morris International Dividend Announcement

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