Aspire Private Capital LLC Has $1.18 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Aspire Private Capital LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,792 shares of the company’s stock after purchasing an additional 253 shares during the period. Aspire Private Capital LLC’s holdings in Philip Morris International were worth $1,178,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valley Wealth Managers Inc. increased its stake 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 valued at $27,000 after buying an additional 183 shares during the period. Dunhill Financial LLC lifted its position in shares of 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 purchasing an additional 161 shares during the period. Concord Wealth Partners boosted its stake in shares of Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after purchasing an additional 298 shares during the last quarter. Darwin Wealth Management LLC acquired a new stake in shares of Philip Morris International during the third quarter worth $54,000. Finally, Retirement Wealth Solutions LLC acquired a new position in Philip Morris International in the fourth quarter valued at $54,000. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on PM shares. The Goldman Sachs Group lifted their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Citigroup boosted their price target on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. Stifel Nicolaus reissued a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $131.35.

Philip Morris International Stock Up 1.8 %

Shares of Philip Morris International stock opened at $123.78 on Wednesday. The company has a market cap of $192.46 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.99 and a beta of 0.54. The business has a 50 day moving average price of $125.44 and a 200-day moving average price of $121.61. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed 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 4.36%. Philip Morris International’s dividend payout ratio (DPR) is 85.71%.

Philip Morris International Profile

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.