FSB Premier Wealth Management Inc. Boosts Position in Philip Morris International Inc. $PM

FSB Premier Wealth Management Inc. grew its stake in shares of Philip Morris International Inc. (NYSE:PM) by 17.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,474 shares of the company’s stock after buying an additional 4,200 shares during the period. Philip Morris International accounts for approximately 1.5% of FSB Premier Wealth Management Inc.’s portfolio, making the stock its 14th largest holding. FSB Premier Wealth Management Inc.’s holdings in Philip Morris International were worth $4,618,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PM. BLB&B Advisors LLC lifted its stake in Philip Morris International by 4.0% in the 3rd quarter. BLB&B Advisors LLC now owns 2,715 shares of the company’s stock worth $440,000 after purchasing an additional 105 shares in the last quarter. GDS Wealth Management raised its position in shares of Philip Morris International by 58.3% in the third quarter. GDS Wealth Management now owns 2,833 shares of the company’s stock worth $460,000 after buying an additional 1,043 shares in the last quarter. JFG Wealth Management LLC boosted its stake in Philip Morris International by 6.7% during the third quarter. JFG Wealth Management LLC now owns 2,129 shares of the company’s stock valued at $345,000 after buying an additional 133 shares during the period. Seelaus Asset Management LLC boosted its stake in Philip Morris International by 4.5% during the third quarter. Seelaus Asset Management LLC now owns 4,179 shares of the company’s stock valued at $678,000 after buying an additional 180 shares during the period. Finally, PFG Investments LLC grew its position in Philip Morris International by 4.5% during the third quarter. PFG Investments LLC now owns 30,742 shares of the company’s stock worth $4,986,000 after buying an additional 1,329 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Jefferies Financial Group downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating and lowered their target price for the company from $220.00 to $180.00 in a research note on Tuesday. Barclays cut their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Thursday. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $184.56.

Philip Morris International Stock Up 1.8%

Philip Morris International stock opened at $173.06 on Friday. The firm has a fifty day simple moving average of $159.22 and a two-hundred day simple moving average of $161.48. Philip Morris International Inc. has a twelve month low of $125.53 and a twelve month high of $186.69. The company has a market capitalization of $269.39 billion, a PE ratio of 31.35, a P/E/G ratio of 1.86 and a beta of 0.40.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Philip Morris International 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.