Tradewinds LLC. Makes New Investment in Philip Morris International Inc. $PM

Tradewinds LLC. purchased a new position in shares of Philip Morris International Inc. (NYSE:PM) during the 3rd quarter, Holdings Channel reports. The institutional investor purchased 5,533 shares of the company’s stock, valued at approximately $898,000.

A number of other hedge funds have also recently modified their holdings of the business. PFS Partners LLC raised its holdings in Philip Morris International by 24.8% in the 2nd quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after purchasing an additional 58 shares during the period. Uncommon Cents Investing LLC increased its position in Philip Morris International by 1.1% in the second quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock worth $1,032,000 after buying an additional 61 shares in the last quarter. Second Line Capital LLC increased its position in Philip Morris International by 4.8% in the second quarter. Second Line Capital LLC now owns 1,338 shares of the company’s stock worth $245,000 after buying an additional 61 shares in the last quarter. Cranbrook Wealth Management LLC raised its stake in shares of Philip Morris International by 6.5% in the second quarter. Cranbrook Wealth Management LLC now owns 1,014 shares of the company’s stock worth $185,000 after buying an additional 62 shares during the period. Finally, Meridian Wealth Partners LLC lifted its position in shares of Philip Morris International by 3.1% during the 2nd quarter. Meridian Wealth Partners LLC now owns 2,060 shares of the company’s stock valued at $375,000 after buying an additional 62 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PM. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, January 10th. Barclays dropped their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research report on Monday, November 17th. Stifel Nicolaus set a $180.00 price objective on shares of Philip Morris International in a research report on Tuesday, October 21st. JPMorgan Chase & Co. dropped their target price on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Stock Up 0.6%

Shares of PM stock opened at $173.66 on Monday. The company’s fifty day simple moving average is $157.72 and its two-hundred day simple moving average is $161.66. Philip Morris International Inc. has a 52 week low of $119.30 and a 52 week high of $186.69. The stock has a market cap 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 issued its earnings results on Friday, October 24th. The company reported $2.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.14. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The firm had revenue of $10.85 billion for the quarter, compared to analysts’ expectations of $10.67 billion. During the same period in the previous year, the firm posted $1.91 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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

Philip Morris International 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.