Leo Wealth LLC Has $636,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Leo Wealth LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,283 shares of the company’s stock after selling 184 shares during the quarter. Leo Wealth LLC’s holdings in Philip Morris International were worth $636,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PM. Intergy Private Wealth LLC boosted its holdings in Philip Morris International by 4.3% during the 4th quarter. Intergy Private Wealth LLC now owns 1,959 shares of the company’s stock worth $236,000 after acquiring an additional 80 shares during the last quarter. 49 Wealth Management LLC lifted its position in shares of Philip Morris International by 3.6% during the third quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after purchasing an additional 84 shares in the last quarter. Woodmont Investment Counsel LLC boosted its holdings in Philip Morris International by 1.6% during the third quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock worth $662,000 after purchasing an additional 86 shares during the last quarter. Sargent Investment Group LLC grew its position in Philip Morris International by 2.2% in the 4th quarter. Sargent Investment Group LLC now owns 3,972 shares of the company’s stock worth $467,000 after purchasing an additional 86 shares in the last quarter. Finally, YHB Investment Advisors Inc. increased its stake in Philip Morris International by 4.2% in the 3rd quarter. YHB Investment Advisors Inc. now owns 2,158 shares of the company’s stock valued at $262,000 after buying an additional 87 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $144.40 on Friday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $146.78. The company has a market capitalization of $224.51 billion, a PE ratio of 22.92, a P/E/G ratio of 2.30 and a beta of 0.55. The firm’s 50-day moving average price is $125.44 and its 200-day moving average price is $123.61.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. Equities analysts anticipate that Philip Morris International Inc. will post 6.5 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.74%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PM shares. Stifel Nicolaus upped their target price on Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday. Barclays reduced their price objective on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. UBS Group lifted their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research note on Friday. Finally, Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $134.35.

About Philip Morris International

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.