Foster Victor Wealth Advisors LLC Boosts Stock Position in Philip Morris International Inc. $PM

Foster Victor Wealth Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM) by 10.5% during the third quarter, Holdings Channel reports. The firm owned 107,052 shares of the company’s stock after acquiring an additional 10,139 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Philip Morris International were worth $16,408,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently modified their holdings of PM. WCM Investment Management LLC boosted its position in Philip Morris International by 24,968.0% in 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 buying an additional 11,230,626 shares during the last quarter. Vanguard Group Inc. raised its position in Philip Morris International by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock worth $26,018,555,000 after buying an additional 2,235,380 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Philip Morris International by 69.0% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock valued at $821,826,000 after acquiring an additional 1,842,754 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Philip Morris International by 111.1% in the 1st quarter. AQR Capital Management LLC now owns 3,002,216 shares of the company’s stock valued at $473,660,000 after acquiring an additional 1,580,368 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Philip Morris International by 88.9% in the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock worth $389,415,000 after acquiring an additional 1,006,014 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Down 0.2%

Shares of Philip Morris International stock opened at $157.07 on Friday. The firm has a market cap of $244.49 billion, a PE ratio of 28.45, a P/E/G ratio of 1.87 and a beta of 0.42. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The business has a 50-day moving average price of $153.79 and a 200 day moving average price of $164.47.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The company had revenue of $8.12 billion for the quarter. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Friday, December 26th will be paid a $1.47 dividend. The ex-dividend date of this dividend is Friday, December 26th. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. Philip Morris International’s dividend payout ratio (DPR) is currently 106.52%.

Analyst Ratings Changes

PM has been the subject of a number of research reports. UBS Group decreased their target price on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a research report on Friday, September 5th. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Morgan Stanley set a $175.00 price objective on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Finally, Barclays decreased their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $189.00.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.