CWA Asset Management Group LLC Lowers Stock Position in Philip Morris International Inc. $PM

CWA Asset Management Group LLC trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 24.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,378 shares of the company’s stock after selling 10,660 shares during the period. CWA Asset Management Group LLC’s holdings in Philip Morris International were worth $5,414,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Legacy Investment Solutions LLC purchased a new position in shares of Philip Morris International in the 2nd quarter worth about $25,000. Traub Capital Management LLC acquired a new stake in Philip Morris International during the 2nd quarter worth approximately $25,000. Abound Wealth Management increased its position in Philip Morris International by 566.7% during 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. Estabrook Capital Management purchased a new position in Philip Morris International in the second quarter valued at approximately $30,000. Finally, Briaud Financial Planning Inc lifted its position in Philip Morris International by 266.7% during 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 in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of a number of research reports. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, November 17th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, Barclays dropped their target price on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, November 17th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $160.14 on Monday. The business has a 50-day moving average of $154.59 and a 200-day moving average of $162.87. The company has a market capitalization of $249.28 billion, a PE ratio of 29.01, a P/E/G ratio of 1.72 and a beta of 0.40. Philip Morris International Inc. has a 1-year low of $116.12 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS 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, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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 dividend payout ratio is 106.52%.

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.