8,475 Shares in Philip Morris International Inc. $PM Acquired by Tred Avon Family Wealth LLC

Tred Avon Family Wealth LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 8,475 shares of the company’s stock, valued at approximately $1,375,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. WCM Investment Management LLC lifted its stake in shares of 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 worth $2,041,223,000 after buying an additional 11,230,626 shares in the last quarter. Vanguard Group Inc. raised its holdings in Philip Morris International by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after acquiring 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% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock worth $821,826,000 after purchasing an additional 1,842,754 shares in the last quarter. Prudential Financial Inc. boosted its holdings in shares of Philip Morris International by 88.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock worth $389,415,000 after purchasing an additional 1,006,014 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its position in shares of Philip Morris International by 142.2% in the second quarter. Panagora Asset Management Inc. now owns 1,512,514 shares of the company’s stock valued at $275,474,000 after purchasing an additional 888,148 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of a number of analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. JPMorgan Chase & Co. cut their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Wednesday, November 26th. Finally, Barclays reduced their target price on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $189.00.

Philip Morris International Stock Performance

NYSE:PM opened at $173.66 on Friday. Philip Morris International Inc. has a fifty-two week low of $119.30 and a fifty-two week high of $186.69. The company has a 50 day moving average price of $157.72 and a 200 day moving average price of $161.76. The stock has a market capitalization of $270.33 billion, a P/E ratio of 31.46, a PEG ratio of 1.87 and a beta of 0.40.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, October 24th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.10 by $0.14. The business had revenue of $10.85 billion during the quarter, compared to analyst estimates of $10.67 billion. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $1.91 earnings per share. Research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 annualized dividend and a dividend yield of 3.4%. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Philip Morris International Company Profile

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.