Portfolio Design Labs LLC Raises Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Portfolio Design Labs LLC increased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 34.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,347 shares of the company's stock after purchasing an additional 3,187 shares during the period. Portfolio Design Labs LLC's holdings in Philip Morris International were worth $1,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Valley Wealth Managers Inc. lifted its position in shares of Philip Morris International by 457.5% in the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after buying an additional 183 shares in the last quarter. Dunhill Financial LLC increased its stake in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after acquiring an additional 161 shares during the last quarter. Concord Wealth Partners raised its holdings in shares of Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company's stock worth $38,000 after acquiring an additional 298 shares in the last quarter. Asset Dedication LLC boosted its position in shares of Philip Morris International by 55.5% during the 4th quarter. Asset Dedication LLC now owns 412 shares of the company's stock valued at $50,000 after acquiring an additional 147 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of Philip Morris International in the third quarter valued at $54,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Up 1.3 %

Shares of NYSE PM traded up $1.96 during midday trading on Wednesday, hitting $149.94. The company's stock had a trading volume of 5,268,277 shares, compared to its average volume of 5,523,627. The business's 50 day moving average is $126.34 and its two-hundred day moving average is $124.54. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $150.24. The firm has a market cap of $233.13 billion, a P/E ratio of 33.25, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. On average, analysts predict that Philip Morris International Inc. will post 7.11 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 paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a yield of 3.60%. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. Stifel Nicolaus upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday. JPMorgan Chase & Co. upped their price objective on Philip Morris International from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Wednesday, October 23rd. Finally, Barclays lowered their price objective on 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $134.35.

About Philip Morris International

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.