Albion Financial Group UT Buys 6,317 Shares of Philip Morris International Inc. $PM

Albion Financial Group UT lifted its stake in Philip Morris International Inc. (NYSE:PM) by 6,649.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,412 shares of the company’s stock after purchasing an additional 6,317 shares during the quarter. Albion Financial Group UT’s holdings in Philip Morris International were worth $1,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Oak Harvest Investment Services boosted its stake in Philip Morris International by 1,280.6% during the third quarter. Oak Harvest Investment Services now owns 24,312 shares of the company’s stock worth $3,943,000 after buying an additional 22,551 shares during the period. Austin Private Wealth LLC lifted its holdings in shares of Philip Morris International by 3.3% in the 3rd quarter. Austin Private Wealth LLC now owns 3,764 shares of the company’s stock worth $611,000 after acquiring an additional 119 shares during the last quarter. Range Financial Group LLC boosted its stake in shares of Philip Morris International by 0.9% during the 3rd quarter. Range Financial Group LLC now owns 24,695 shares of the company’s stock worth $4,005,000 after purchasing an additional 231 shares during the period. Copeland Capital Management LLC purchased a new position in shares of Philip Morris International during the 3rd quarter worth about $5,285,000. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Philip Morris International by 0.3% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,522,509 shares of the company’s stock worth $246,951,000 after purchasing an additional 5,300 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.4%

Shares of PM stock opened at $161.76 on Tuesday. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The stock has a fifty day simple moving average of $154.23 and a two-hundred day simple moving average of $163.51. The stock has a market capitalization of $251.81 billion, a price-to-earnings ratio of 29.31, a P/E/G ratio of 1.93 and a beta of 0.42.

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 firm had revenue of $8.12 billion during the quarter. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be paid a dividend of $1.47 per share. The ex-dividend date 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 currently 106.52%.

Wall Street Analyst Weigh In

PM has been the subject of several recent analyst reports. UBS Group dropped their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their price objective on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus set a $180.00 target price on shares of Philip Morris International in a research note on Tuesday, October 21st. 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, Philip Morris International currently has an average rating of “Moderate Buy” and an average target price of $189.00.

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.