BostonPremier Wealth LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

BostonPremier Wealth LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,696 shares of the company’s stock, valued at approximately $445,000. Philip Morris International accounts for about 0.3% of BostonPremier Wealth LLC’s investment portfolio, making the stock its 29th biggest holding.

Several other institutional investors and hedge funds have also recently made changes to their positions in PM. Investment Advisory Services Inc. TX ADV lifted its stake in shares of Philip Morris International by 3.2% during the fourth quarter. Investment Advisory Services Inc. TX ADV now owns 2,510 shares of the company’s stock worth $302,000 after buying an additional 78 shares during the period. Intergy Private Wealth LLC lifted its position in Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after acquiring an additional 80 shares during the period. 49 Wealth Management LLC grew its stake in Philip Morris International by 3.6% during 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 holdings in shares of Philip Morris International by 1.6% in the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after purchasing an additional 86 shares during the period. Finally, Sargent Investment Group LLC raised its stake in shares of Philip Morris International by 2.2% in the fourth quarter. Sargent Investment Group LLC now owns 3,972 shares of the company’s stock worth $467,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $146.58 on Tuesday. The business’s 50 day moving average price is $125.66 and its 200-day moving average price is $124.06. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $146.78. The firm has a market capitalization of $227.91 billion, a price-to-earnings ratio of 32.50, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.11 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were given a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.68%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Analysts Set New Price Targets

A number of brokerages recently commented on PM. UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley began coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday. Finally, Barclays lowered their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $134.35.

Philip Morris International Company 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.