Philip Morris International Inc. $PM Shares Acquired by Crux Wealth Advisors

Key Points

• Crux Wealth Advisors increased its holdings in Philip Morris International by 37.6% during the second quarter, owning 14,589 shares, valued at approximately $2.66 million.
• Philip Morris International announced a quarterly dividend increase to $1.47 per share, resulting in a 3.7% dividend yield, with a payout ratio of 111.79%.
• Wall Street analysts have generally rated Philip Morris International as a "Moderate Buy," with a consensus price target of $195.44 for the stock.

Crux Wealth Advisors lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 37.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,589 shares of the company's stock after acquiring an additional 3,990 shares during the quarter. Philip Morris International accounts for 1.1% of Crux Wealth Advisors' holdings, making the stock its 24th biggest position. Crux Wealth Advisors' holdings in Philip Morris International were worth $2,657,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Philip Morris International by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 140,621,675 shares of the company's stock valued at $22,320,878,000 after buying an additional 1,189,283 shares during the period. Wellington Management Group LLP grew its holdings in Philip Morris International by 26.4% during the first quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company's stock worth $3,466,730,000 after acquiring an additional 4,563,632 shares during the period. WCM Investment Management LLC raised its position in Philip Morris International by 24,968.0% during the second quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company's stock valued at $2,041,223,000 after acquiring an additional 11,230,626 shares in the last quarter. Nuveen LLC acquired a new position in Philip Morris International in the first quarter valued at approximately $1,712,994,000. Finally, Goldman Sachs Group Inc. boosted its position in Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company's stock worth $1,554,686,000 after purchasing an additional 3,575,158 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 1.3%

Shares of Philip Morris International stock opened at $158.08 on Friday. The firm's 50-day moving average price is $163.40 and its 200 day moving average price is $168.82. The firm has a market capitalization of $246.06 billion, a PE ratio of 30.05, a P/E/G ratio of 2.31 and a beta of 0.46. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The firm had revenue of $8.12 billion during the quarter. On average, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. The ex-dividend date is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. This is an increase from Philip Morris International's previous quarterly dividend of $1.35. Philip Morris International's payout ratio is presently 111.79%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PM shares. Barclays cut their target price on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Weiss Ratings reissued a "buy (b)" rating on shares of Philip Morris International in a research note on Wednesday, October 8th. UBS Group dropped their target price on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a research report on Friday, September 5th. Finally, Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target for the company. Eleven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $195.44.

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.

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