M Holdings Securities Inc. Acquires 10,855 Shares of Philip Morris International Inc. $PM

Key Points

• M Holdings Securities acquired 10,855 Philip Morris International shares in the third quarter, valued at approximately $2.22 million.
• Analyst sentiment is broadly positive: the stock carries a “Moderate Buy” consensus rating and an average price target of $212.40.
• Philip Morris beat quarterly earnings and revenue estimates, with revenue up 5.5% year over year; it also raised its quarterly dividend to $1.60 per share.

M Holdings Securities Inc. acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 10,855 shares of the company's stock, valued at approximately $2,222,000.

A number of other hedge funds have also bought and sold shares of PM. Caitong International Asset Management Co. Ltd bought a new position in Philip Morris International during the 2nd quarter valued at about $29,000. Wilkerson Advisory Group LLC lifted its stake in Philip Morris International by 109.2% in the first quarter. Wilkerson Advisory Group LLC now owns 205 shares of the company's stock worth $34,000 after purchasing an additional 107 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA bought a new stake in Philip Morris International in the second quarter worth about $34,000. Kilter Group LLC bought a new stake in Philip Morris International in the second quarter worth about $35,000. Finally, Evergreen Advisors LLC purchased a new position in shares of Philip Morris International during the first quarter valued at approximately $46,000. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PM shares. Argus upped their target price on Philip Morris International from $210.00 to $220.00 and gave the company a "buy" rating in a research note on Monday, October 26th. BTIG Research set a $221.00 price target on Philip Morris International and gave the stock a "buy" rating in a research note on Friday, July 24th. Citigroup boosted their price objective on Philip Morris International from $210.00 to $225.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Barclays upped their price objective on Philip Morris International from $205.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $205.00 to $232.00 and gave the company a "buy" rating in a research report on Tuesday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $212.40.

Philip Morris International Price Performance

Shares of PM opened at $193.16 on Tuesday. The firm has a market capitalization of $301.07 billion, a price-to-earnings ratio of 28.20, a PEG ratio of 2.83 and a beta of 0.34. Philip Morris International Inc. has a 1-year low of $146.35 and a 1-year high of $214.35. The company has a 50-day moving average of $195.59 and a 200 day moving average of $182.93.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, October 21st. The company reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $2.30 by $0.06. Philip Morris International had a net margin of 10.73% and a negative return on equity of 183.96%. The business had revenue of $11.44 billion for the quarter, compared to the consensus estimate of $11.32 billion. During the same period in the prior year, the firm earned $2.24 EPS. The company's revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Philip Morris International Inc. will post 8.32 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Friday, October 2nd were issued a dividend of $1.60 per share. This represents a $6.40 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, October 2nd. This is an increase from Philip Morris International's previous quarterly dividend of $1.47. Philip Morris International's dividend payout ratio (DPR) is 93.43%.

Philip Morris International Profile

Philip Morris International is a global tobacco and nicotine company that develops, manufactures and sells cigarettes and smoke-free products. Its cigarette brands include Marlboro in markets outside the United States, along with other regional and international brands.

The company's smoke-free portfolio includes IQOS heated tobacco products, ZYN nicotine pouches and VEEV e-vapor products. Philip Morris International sells its products in markets around the world, with availability varying by country and subject to local regulations.

Philip Morris International became an independent publicly traded company in 2008 after separating from Altria Group.

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