Philip Morris International Inc. (NYSE:PM) Position Boosted by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors increased its holdings in Philip Morris International by 8.5%, owning 26,726 shares valued at approximately $4.24 million as of the latest SEC filing.
• Recent analyst reports have shown a range of target price adjustments for Philip Morris, with UBS Group raising its target from $170 to $181, while Barclays lowered it from $225 to $220, yet maintaining an "overweight" rating.
• The company recently announced a quarterly dividend of $1.35, representing a 3.33% yield and a dividend payout ratio of 102.66% during a period of evolving towards smoke-free products.

Arkadios Wealth Advisors lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 8.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,726 shares of the company's stock after buying an additional 2,104 shares during the period. Arkadios Wealth Advisors' holdings in Philip Morris International were worth $4,242,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of PM. Brighton Jones LLC boosted its holdings in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its position in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Philip Morris International by 37.4% in the 4th quarter. American Century Companies Inc. now owns 14,425 shares of the company's stock valued at $1,736,000 after acquiring an additional 3,929 shares during the last quarter. Clearbridge Investments LLC lifted its stake in shares of Philip Morris International by 21.0% in the 4th quarter. Clearbridge Investments LLC now owns 43,316 shares of the company's stock valued at $5,213,000 after acquiring an additional 7,529 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its stake in shares of Philip Morris International by 10.8% in the 4th quarter. Meeder Advisory Services Inc. now owns 26,322 shares of the company's stock valued at $3,168,000 after purchasing an additional 2,569 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent research reports. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Needham & Company LLC reissued a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. UBS Group upped their price target on Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $186.27.

Philip Morris International Price Performance

PM traded up $0.26 during trading hours on Monday, reaching $163.22. 2,433,467 shares of the stock traded hands, compared to its average volume of 6,154,680. The company has a market cap of $254.06 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.37 and a beta of 0.49. Philip Morris International Inc. has a fifty-two week low of $113.15 and a fifty-two week high of $186.69. The firm's fifty day simple moving average is $177.55 and its two-hundred day simple moving average is $162.20.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the business posted $1.59 EPS. The company's quarterly revenue was up 7.1% on a year-over-year basis. On average, research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, June 27th. Philip Morris International's payout ratio is 102.66%.

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.