Exchange Traded Concepts LLC Has $19.31 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Exchange Traded Concepts LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 90.8% during the 4th quarter, Holdings Channel reports. The fund owned 160,434 shares of the company’s stock after buying an additional 76,358 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Philip Morris International were worth $19,308,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Valley Wealth Managers Inc. grew its position in shares of Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC lifted its stake in Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares in the last quarter. Concord Wealth Partners boosted its holdings in shares of Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company’s stock valued at $38,000 after buying an additional 298 shares during the period. Darwin Wealth Management LLC bought a new stake in shares of Philip Morris International during the third quarter worth $54,000. Finally, Retirement Wealth Solutions LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth $54,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $126.62 on Friday. The company’s 50-day moving average is $125.38 and its 200-day moving average is $121.77. The firm has a market capitalization of $196.86 billion, a PE ratio of 20.07, a P/E/G ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15.

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

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. The Goldman Sachs Group increased their price objective on Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Stifel Nicolaus restated a “buy” rating and issued a $145.00 target price (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. raised their price target on shares of Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Finally, UBS Group boosted their price objective on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

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.