Investment Advisory Services Inc. TX ADV Has $302,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Investment Advisory Services Inc. TX ADV raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,510 shares of the company’s stock after buying an additional 78 shares during the quarter. Investment Advisory Services Inc. TX ADV’s holdings in Philip Morris International were worth $302,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Philip Morris International by 0.4% during the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company’s stock worth $6,715,237,000 after purchasing an additional 224,840 shares during the period. Geode Capital Management LLC increased its stake in Philip Morris International by 2.0% during the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company’s stock valued at $3,886,818,000 after acquiring an additional 621,034 shares during the period. FMR LLC raised its holdings in Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock valued at $2,812,649,000 after acquiring an additional 6,721,094 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Philip Morris International by 3.0% in the 3rd quarter. Franklin Resources Inc. now owns 13,000,570 shares of the company’s stock worth $1,560,752,000 after acquiring an additional 376,406 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Philip Morris International by 57.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after purchasing an additional 3,363,454 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PM. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased 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 assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. Barclays lowered their price objective on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Finally, UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a research report on Friday. One investment 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’s stock. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $134.35.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $144.40 on Friday. The stock has a market cap of $224.51 billion, a price-to-earnings ratio of 32.02, a P/E/G ratio of 2.55 and a beta of 0.55. The company has a 50 day moving average of $125.66 and a 200-day moving average of $123.87. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $146.78.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. Equities research analysts anticipate that Philip Morris International Inc. will post 7.11 earnings per share 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 given a $1.35 dividend. The ex-dividend date of this dividend 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 119.73%.

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.