Golden State Equity Partners Purchases 7,725 Shares of Philip Morris International Inc. $PM

Golden State Equity Partners raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 193.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,721 shares of the company’s stock after purchasing an additional 7,725 shares during the period. Golden State Equity Partners’ holdings in Philip Morris International were worth $1,901,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Legacy Investment Solutions LLC bought a new position in Philip Morris International in the second quarter valued at approximately $25,000. Traub Capital Management LLC bought a new position in shares of Philip Morris International in the 2nd quarter worth $25,000. Abound Wealth Management grew its stake in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares during the period. Estabrook Capital Management bought a new stake in Philip Morris International in the second quarter valued at about $30,000. Finally, Briaud Financial Planning Inc lifted its stake in Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock valued at $30,000 after buying an additional 120 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of PM stock opened at $160.35 on Friday. The stock has a market cap of $249.61 billion, a P/E ratio of 29.05, a P/E/G ratio of 1.92 and a beta of 0.40. The company has a fifty day moving average price of $154.55 and a two-hundred day moving average price of $163.31. 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 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 net margin of 9.33% and a negative return on equity of 122.14%. The company had revenue of $8.12 billion for the quarter. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently announced 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. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, December 26th. Philip Morris International’s payout ratio is currently 106.52%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PM. 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. UBS Group decreased their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Finally, JPMorgan Chase & Co. reduced their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Wednesday, November 26th. Twelve analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Company Profile

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.