Investmark Advisory Group LLC Raises Stake in Philip Morris International Inc. (NYSE:PM)

Investmark Advisory Group LLC increased its stake in Philip Morris International Inc. (NYSE:PMGet Rating) by 2.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,155 shares of the company’s stock after acquiring an additional 608 shares during the period. Philip Morris International makes up 2.8% of Investmark Advisory Group LLC’s investment portfolio, making the stock its 13th largest position. Investmark Advisory Group LLC’s holdings in Philip Morris International were worth $2,878,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Tcwp LLC acquired a new position in shares of Philip Morris International during the first quarter worth $26,000. Bivin & Associates Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth $27,000. Sandy Cove Advisors LLC bought a new stake in shares of Philip Morris International in the first quarter worth $28,000. American National Bank increased its stake in shares of Philip Morris International by 89.1% in the first quarter. American National Bank now owns 312 shares of the company’s stock worth $29,000 after buying an additional 147 shares during the last quarter. Finally, Oliver Lagore Vanvalin Investment Group bought a new stake in shares of Philip Morris International in the first quarter worth $33,000. 76.00% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $5.05 during trading on Friday, hitting $90.74. 133,148 shares of the stock were exchanged, compared to its average volume of 3,687,014. The stock’s fifty day moving average is $96.48 and its 200 day moving average is $98.36. The stock has a market cap of $140.66 billion, a PE ratio of 16.08, a P/E/G ratio of 3.72 and a beta of 0.62. Philip Morris International Inc. has a 12 month low of $85.64 and a 12 month high of $112.48.

Philip Morris International (NYSE:PMGet Rating) last released its quarterly earnings results on Thursday, July 21st. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.24 by $0.24. The business had revenue of $7.83 billion during the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a net margin of 11.05% and a negative return on equity of 115.36%. The company’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.57 earnings per share. Sell-side analysts anticipate that Philip Morris International Inc. will post 5.99 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Wednesday, September 28th will be issued a $1.27 dividend. The ex-dividend date of this dividend is Tuesday, September 27th. This represents a $5.08 annualized dividend and a yield of 5.60%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.25. Philip Morris International’s dividend payout ratio is presently 85.91%.

Analyst Ratings Changes

A number of analysts recently issued reports on PM shares. Jefferies Financial Group dropped their price target on shares of Philip Morris International from $107.00 to $99.00 in a research note on Tuesday, July 19th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Tuesday, July 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $109.13.

Philip Morris International Profile

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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 that are sold in markets outside the United States.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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