Asset Planning Services Inc. LA ADV Has $6.43 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Asset Planning Services Inc. LA ADV raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,960 shares of the company’s stock after purchasing an additional 900 shares during the period. Philip Morris International accounts for approximately 3.2% of Asset Planning Services Inc. LA ADV’s holdings, making the stock its 15th biggest holding. Asset Planning Services Inc. LA ADV’s holdings in Philip Morris International were worth $6,429,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PM. Brookstone Capital Management lifted its holdings in shares of Philip Morris International by 5.4% during the 1st quarter. Brookstone Capital Management now owns 28,607 shares of the company’s stock valued at $2,621,000 after purchasing an additional 1,466 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Philip Morris International during the 1st quarter worth approximately $125,000. Wealthcare Advisory Partners LLC lifted its stake in Philip Morris International by 8.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 10,522 shares of the company’s stock valued at $964,000 after buying an additional 848 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Philip Morris International by 3.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 226,472 shares of the company’s stock valued at $20,749,000 after buying an additional 7,667 shares during the period. Finally, Thrive Wealth Management LLC raised its holdings in shares of Philip Morris International by 19.0% during the first quarter. Thrive Wealth Management LLC now owns 7,960 shares of the company’s stock worth $729,000 after acquiring an additional 1,272 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.8 %

Shares of Philip Morris International stock opened at $132.45 on Thursday. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $132.45. The company has a 50-day simple moving average of $121.97 and a two-hundred day simple moving average of $109.28. The stock has a market capitalization of $205.90 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.35 and a beta of 0.55.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.09. The business had revenue of $9.91 billion during the quarter, compared to analysts’ expectations of $9.68 billion. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. Philip Morris International’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 6.45 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, September 26th. This is a boost from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 4.08%. Philip Morris International’s dividend payout ratio is presently 105.47%.

Insider Transactions at Philip Morris International

In related news, insider Massimo Andolina sold 9,000 shares of the company’s 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 completion of the transaction, the insider now directly owns 85,629 shares in the company, valued at $9,877,305.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Analysts Set New Price Targets

PM has been the subject of a number of research analyst reports. Citigroup upped their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their price objective on Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Barclays lifted their target price on Philip Morris International from $130.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. UBS Group boosted their target price on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research note on Wednesday. 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 given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $126.85.

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.