Strategic Investment Solutions Inc. IL Invests $152,000 in Philip Morris International Inc. (NYSE:PM)

Strategic Investment Solutions Inc. IL bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,372 shares of the company’s stock, valued at approximately $152,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Evoke Wealth LLC lifted its position in shares of Philip Morris International by 7.2% in the 4th quarter. Evoke Wealth LLC now owns 2,398 shares of the company’s stock worth $229,000 after purchasing an additional 162 shares during the period. KBC Group NV lifted its holdings in Philip Morris International by 6.3% in the fourth quarter. KBC Group NV now owns 104,347 shares of the company’s stock worth $9,817,000 after buying an additional 6,209 shares during the period. Jones Financial Companies Lllp boosted its position in Philip Morris International by 4.7% during the 4th quarter. Jones Financial Companies Lllp now owns 24,365 shares of the company’s stock valued at $2,292,000 after acquiring an additional 1,095 shares in the last quarter. CWA Asset Management Group LLC grew its holdings in shares of Philip Morris International by 4.8% during the 4th quarter. CWA Asset Management Group LLC now owns 3,906 shares of the company’s stock worth $368,000 after acquiring an additional 178 shares during the period. Finally, Rafferty Asset Management LLC grew its holdings in shares of Philip Morris International by 4.2% during the 4th quarter. Rafferty Asset Management LLC now owns 120,459 shares of the company’s stock worth $11,333,000 after acquiring an additional 4,820 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.7 %

Shares of NYSE PM opened at $120.58 on Wednesday. The firm has a market cap of $187.45 billion, a P/E ratio of 23.55, a PEG ratio of 2.37 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $128.22. The company has a 50 day moving average of $120.10 and a 200 day moving average of $106.10.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The firm had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the business earned $1.60 earnings per share. The company’s revenue was up 5.6% on a year-over-year basis. As a group, equities analysts expect that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.48%. The ex-dividend date is Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio (DPR) is presently 105.47%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PM shares. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Bank of America boosted their target price on shares of Philip Morris International from $125.00 to $139.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. UBS Group upped their target price on shares of Philip Morris International from $95.00 to $105.00 and gave the stock a “sell” rating in a research report on Monday, September 9th. 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 report on Tuesday. Finally, StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.68.

Insider Transactions at Philip Morris International

In related news, insider Massimo Andolina sold 9,000 shares of the stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Massimo Andolina sold 9,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the completion of the sale, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the transaction, the insider now directly owns 158,447 shares in the company, valued at approximately $17,906,095.47. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Philip Morris International Company 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.