Signature Estate & Investment Advisors LLC Purchases Shares of 3,203 Philip Morris International Inc. (NYSE:PM)

Signature Estate & Investment Advisors LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,203 shares of the company’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Morgan Stanley boosted its position in shares of Philip Morris International by 3.3% in the third quarter. Morgan Stanley now owns 47,120,073 shares of the company’s stock valued at $3,533,537,000 after acquiring an additional 1,526,001 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Philip Morris International by 250.0% during the third quarter. Great West Life Assurance Co. Can now owns 3,955,118 shares of the company’s stock valued at $83,082,000 after acquiring an additional 2,825,130 shares during the period. Pendal Group Limited lifted its holdings in shares of Philip Morris International by 2.2% during the third quarter. Pendal Group Limited now owns 3,492,569 shares of the company’s stock valued at $261,908,000 after acquiring an additional 75,018 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Philip Morris International by 7.1% during the third quarter. Victory Capital Management Inc. now owns 2,403,400 shares of the company’s stock valued at $180,231,000 after acquiring an additional 158,283 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Philip Morris International by 4.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,731,886 shares of the company’s stock valued at $129,874,000 after buying an additional 71,834 shares in the last quarter. 73.98% of the stock is owned by institutional investors.

Shares of PM stock opened at $81.21 on Thursday. The stock has a 50-day moving average price of $81.85 and a 200 day moving average price of $77.58. The firm has a market cap of $126.47 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 2.15 and a beta of 0.78. Philip Morris International Inc. has a 12 month low of $56.01 and a 12 month high of $90.17.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 20th. The company reported $1.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.06. Philip Morris International had a negative return on equity of 80.24% and a net margin of 9.54%. The firm had revenue of $7.45 billion for the quarter, compared to analysts’ expectations of $7.27 billion. During the same quarter last year, the business earned $0.46 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year. On average, analysts expect that Philip Morris International Inc. will post 5.08 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, January 11th. Shareholders of record on Wednesday, December 23rd were issued a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Tuesday, December 22nd. Philip Morris International’s dividend payout ratio (DPR) is currently 92.49%.

A number of analysts have recently weighed in on PM shares. UBS Group lowered Philip Morris International from a “buy” rating to a “neutral” rating and lowered their target price for the company from $90.00 to $80.00 in a research note on Monday, November 23rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on Philip Morris International from $100.00 to $105.00 in a research note on Friday, January 8th. Piper Sandler raised their target price on Philip Morris International from $98.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, November 18th. BidaskClub lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd. Finally, The Goldman Sachs Group raised their target price on Philip Morris International from $85.00 to $100.00 and gave the company a “buy” rating in a research note on Wednesday, September 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $96.31.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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