10,043 Shares of Philip Morris International Inc. $PM Purchased by Blueprint Financial Advisors LLC

Key Points

• Blueprint Financial Advisors purchased 10,043 shares of Philip Morris International during the third quarter, valued at approximately $1.916 million. Institutional investors and hedge funds collectively own 78.63% of the company.
• Philip Morris reported quarterly adjusted earnings of $2.36 per share and revenue of $11.44 billion, exceeding analyst estimates; revenue increased 5.5% year over year.
• The company raised its quarterly dividend to $1.60 per share, equivalent to a $6.40 annualized payout and a 3.1% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $209.70.

Blueprint Financial Advisors LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,043 shares of the company's stock, valued at approximately $1,916,000.

Other large investors have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new stake in shares of Philip Morris International in the 3rd quarter worth approximately $114,000. Sage Rhino Capital LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter worth approximately $208,000. Financial Network Wealth Advisors LLC grew its holdings in shares of Philip Morris International by 9.9% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 620 shares of the company's stock worth $118,000 after purchasing an additional 56 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in shares of Philip Morris International by 14.4% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 6,971 shares of the company's stock worth $1,352,000 after purchasing an additional 880 shares in the last quarter. Finally, Childress Capital Advisors LLC increased its position in shares of Philip Morris International by 2.9% during the third quarter. Childress Capital Advisors LLC now owns 7,805 shares of the company's stock valued at $1,489,000 after purchasing an additional 223 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Up 3.0%

PM stock opened at $208.66 on Friday. Philip Morris International Inc. has a 1-year low of $142.11 and a 1-year high of $210.45. The business's 50 day moving average is $193.86 and its 200-day moving average is $181.71. The firm has a market cap of $325.23 billion, a P/E ratio of 30.46, a P/E/G ratio of 2.72 and a beta of 0.34.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, October 21st. The company reported $2.36 EPS for the quarter, topping the consensus estimate of $2.30 by $0.06. The business had revenue of $11.44 billion during the quarter, compared to the consensus estimate of $11.32 billion. Philip Morris International had a negative return on equity of 183.96% and a net margin of 10.73%. Philip Morris International's revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $2.24 EPS. Sell-side analysts forecast that Philip Morris International Inc. will post 8.32 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Friday, October 2nd were paid a dividend of $1.60 per share. This is an increase from Philip Morris International's previous quarterly dividend of $1.47. This represents a $6.40 annualized dividend and a yield of 3.1%. The ex-dividend date was Friday, October 2nd. Philip Morris International's dividend payout ratio is currently 93.43%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PM. BTIG Research set a $221.00 target price on Philip Morris International and gave the company a "buy" rating in a research note on Friday, July 24th. Weiss Ratings raised Philip Morris International from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, October 8th. Needham & Company LLC lifted their price target on shares of Philip Morris International from $215.00 to $220.00 and gave the stock a "buy" rating in a research note on Thursday, October 22nd. Morgan Stanley boosted their price target on shares of Philip Morris International from $200.00 to $215.00 and gave the company an "overweight" rating in a report on Thursday, July 23rd. Finally, Argus boosted their price target on shares of Philip Morris International from $210.00 to $220.00 and gave the company a "buy" rating in a report on Monday. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $209.70.

Philip Morris International Company Profile

Philip Morris International Inc NYSE: PM is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.

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