Avestar Capital LLC Buys 1,229 Shares of Philip Morris International Inc. (NYSE:PM)

Avestar Capital LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,016 shares of the company’s stock after acquiring an additional 1,229 shares during the period. Avestar Capital LLC’s holdings in Philip Morris International were worth $2,771,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Valley Wealth Managers Inc. raised its stake 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 raised its position in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after buying an additional 161 shares during the last quarter. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the 4th quarter valued at approximately $33,000. Concord Wealth Partners grew its stake in shares of Philip Morris International by 2,709.1% during the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after acquiring an additional 298 shares in the last quarter. Finally, Asset Dedication LLC lifted its position in shares of Philip Morris International by 55.5% in the fourth quarter. Asset Dedication LLC now owns 412 shares of the company’s stock worth $50,000 after purchasing an additional 147 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 1.3 %

Philip Morris International stock opened at $149.94 on Thursday. The company’s 50-day moving average price is $126.73 and its two-hundred day moving average price is $124.72. The stock has a market cap of $233.13 billion, a P/E ratio of 33.25, a P/E/G ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $150.24.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 9.24%. Equities analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.60%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday. Stifel Nicolaus increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 target price on the stock. Barclays dropped their price target on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 8th. Finally, UBS Group lifted their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $134.35.

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.