Asset Planning Services Inc. LA ADV Increases Holdings in Philip Morris International Inc. (NYSE:PM)

Asset Planning Services Inc. LA ADV grew its holdings in Philip Morris International Inc. (NYSE:PM) by 0.3% during the fourth quarter, HoldingsChannel reports. The fund owned 53,140 shares of the company’s stock after purchasing an additional 180 shares during the period. Philip Morris International accounts for about 3.1% of Asset Planning Services Inc. LA ADV’s investment portfolio, making the stock its 13th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in Philip Morris International were worth $6,395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in PM. 49 Wealth Management LLC lifted its holdings in shares of Philip Morris International by 3.6% in the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 84 shares during the last quarter. Woodmont Investment Counsel LLC increased its position in Philip Morris International by 1.6% during the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after buying an additional 86 shares during the period. YHB Investment Advisors Inc. lifted its stake in Philip Morris International by 4.2% in the third quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after buying an additional 87 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in shares of Philip Morris International by 1.3% in the third quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after acquiring an additional 89 shares during the period. Finally, Luts & Greenleigh Group Inc. grew its position in shares of Philip Morris International by 1.1% during the third quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company’s stock worth $1,026,000 after acquiring an additional 89 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on PM shares. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Barclays decreased their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft boosted their price target on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price objective (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group lifted their target price on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Price Performance

Shares of PM stock opened at $122.91 on Thursday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $134.15. The business’s fifty day moving average price is $125.43 and its 200 day moving average price is $121.76. The firm has a market capitalization of $191.11 billion, a PE ratio of 19.51, a P/E/G ratio of 2.03 and a beta of 0.54.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The business’s revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 EPS. Equities research analysts expect that Philip Morris International Inc. will post 6.5 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 4.39%. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

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.