Farther Finance Advisors LLC Has $6.63 Million Stock Holdings in Philip Morris International Inc. $PM

Farther Finance Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 21.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,878 shares of the company’s stock after purchasing an additional 7,154 shares during the quarter. Farther Finance Advisors LLC’s holdings in Philip Morris International were worth $6,630,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of PM. PFS Partners LLC grew its position in shares of Philip Morris International by 24.8% in the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock valued at $53,000 after purchasing an additional 58 shares during the last quarter. Uncommon Cents Investing LLC boosted its stake in Philip Morris International by 1.1% during the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after purchasing an additional 61 shares during the period. Second Line Capital LLC grew its holdings in Philip Morris International by 4.8% in the 2nd quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock valued at $245,000 after buying an additional 61 shares during the last quarter. Cranbrook Wealth Management LLC increased its position in Philip Morris International by 6.5% in the 2nd quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock worth $185,000 after buying an additional 62 shares during the period. Finally, Meridian Wealth Partners LLC increased its position in Philip Morris International by 3.1% in the 2nd quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock worth $375,000 after buying an additional 62 shares during the period. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research note 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. cut their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, Barclays cut their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Stock Up 1.5%

NYSE PM opened at $162.14 on Wednesday. The stock has a market cap of $252.39 billion, a P/E ratio of 29.37, a PEG ratio of 1.91 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 50-day simple moving average is $153.85 and its 200 day simple moving average is $164.06.

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. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The company had revenue of $8.12 billion for the quarter. Research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th will be issued a dividend of $1.47 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.6%. Philip Morris International’s dividend payout ratio (DPR) is presently 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.