Cornerstone Wealth Management LLC Has $1.46 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Cornerstone Wealth Management LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 12,167 shares of the company’s stock after buying an additional 264 shares during the period. Cornerstone Wealth Management LLC’s holdings in Philip Morris International were worth $1,464,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PM. 49 Wealth Management LLC grew its stake in Philip Morris International by 3.6% in the 3rd quarter. 49 Wealth Management LLC now owns 2,432 shares of the company’s stock valued at $295,000 after buying an additional 84 shares during the last quarter. Woodmont Investment Counsel LLC grew its stake in Philip Morris International by 1.6% in the 3rd quarter. Woodmont Investment Counsel LLC now owns 5,452 shares of the company’s stock valued at $662,000 after buying an additional 86 shares during the last quarter. YHB Investment Advisors Inc. grew 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. Cypress Wealth Services LLC grew its stake in Philip Morris International by 1.3% in the 3rd quarter. Cypress Wealth Services LLC now owns 6,748 shares of the company’s stock valued at $819,000 after buying an additional 89 shares during the last quarter. Finally, Luts & Greenleigh Group Inc. grew its stake in Philip Morris International by 1.1% in the 3rd quarter. Luts & Greenleigh Group Inc. now owns 8,448 shares of the company’s stock valued at $1,026,000 after buying an additional 89 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Citigroup raised their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. 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 report on Wednesday, October 23rd. Morgan Stanley began coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research report on Tuesday, October 1st. Finally, Barclays decreased 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.35.

Philip Morris International Stock Performance

NYSE:PM opened at $127.28 on Friday. The company has a 50-day moving average of $125.32 and a 200-day moving average of $121.80. The company has a market capitalization of $197.89 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.01 and a beta of 0.54. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same period last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. Sell-side analysts forecast that Philip Morris International Inc. will post 6.5 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.24%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s dividend payout ratio is currently 85.71%.

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.