Platform Technology Partners Grows Stock Position in Philip Morris International Inc. (NYSE:PM)

Platform Technology Partners grew its position in shares of Philip Morris International Inc. (NYSE:PM) by 8.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,003 shares of the company’s stock after purchasing an additional 627 shares during the period. Platform Technology Partners’ holdings in Philip Morris International were worth $963,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Brookstone Capital Management grew its stake in Philip Morris International by 1.9% during the 3rd quarter. Brookstone Capital Management now owns 25,953 shares of the company’s stock valued at $3,151,000 after purchasing an additional 474 shares in the last quarter. UMB Bank n.a. grew its position in shares of Philip Morris International by 7.5% during the third quarter. UMB Bank n.a. now owns 34,037 shares of the company’s stock worth $4,132,000 after buying an additional 2,378 shares in the last quarter. Quotient Wealth Partners LLC increased its stake in shares of Philip Morris International by 9.9% in the third quarter. Quotient Wealth Partners LLC now owns 3,911 shares of the company’s stock worth $475,000 after buying an additional 353 shares during the last quarter. Cerro Pacific Wealth Advisors LLC raised its holdings in Philip Morris International by 15.7% in the third quarter. Cerro Pacific Wealth Advisors LLC now owns 2,931 shares of the company’s stock valued at $356,000 after acquiring an additional 397 shares in the last quarter. Finally, San Luis Wealth Advisors LLC boosted its stake in Philip Morris International by 93.5% during the 3rd quarter. San Luis Wealth Advisors LLC now owns 6,179 shares of the company’s stock valued at $750,000 after acquiring an additional 2,985 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

PM opened at $144.40 on Friday. The stock has a market cap of $224.51 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.30 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $146.78. The stock’s 50 day moving average price is $125.44 and its 200 day moving average price is $123.61.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Equities analysts anticipate that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.74%. Philip Morris International’s dividend payout ratio (DPR) is 119.73%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PM. Barclays cut their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. UBS Group increased their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $134.35.

Philip Morris International Profile

Philip Morris International Inc operates as a tobacco company working to delivers a smoke-free future and evolving portfolio for the long-term to include products outside of the tobacco and nicotine sector. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products primarily under the IQOS and ZYN brands; and consumer accessories, such as lighters and matches.