Signal Advisors Wealth LLC Has $377,000 Stake in Philip Morris International Inc. $PM

Signal Advisors Wealth LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 58.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,322 shares of the company’s stock after selling 3,283 shares during the period. Signal Advisors Wealth LLC’s holdings in Philip Morris International were worth $377,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Legacy Investment Solutions LLC acquired a new stake in shares of Philip Morris International during the second quarter worth $25,000. Traub Capital Management LLC acquired a new stake in Philip Morris International in the 2nd quarter worth about $25,000. Abound Wealth Management raised its stake in Philip Morris International by 566.7% in the 2nd quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Briaud Financial Planning Inc boosted its holdings in Philip Morris International by 266.7% in the 2nd quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after purchasing an additional 120 shares during the period. Finally, Estabrook Capital Management acquired a new position in shares of Philip Morris International during the 2nd quarter worth approximately $30,000. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PM has been the subject of a number of analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a report on Tuesday, October 21st. UBS Group decreased their price target on 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. Finally, Morgan Stanley set a $175.00 price objective on shares of Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday, October 22nd. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $189.00.

Philip Morris International Stock Performance

Philip Morris International stock opened at $157.07 on Monday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The stock has a market capitalization of $244.49 billion, a P/E ratio of 28.45, a price-to-earnings-growth ratio of 1.87 and a beta of 0.42. The stock has a fifty day moving average of $153.79 and a 200-day moving average of $164.35.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The business 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%. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed 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 yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s dividend payout ratio is currently 106.52%.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.