Courage Miller Partners LLC Takes Position in Philip Morris International Inc. (NYSE:PM)

Courage Miller Partners LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 1,500 shares of the company's stock, valued at approximately $238,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares during the last quarter. Pacifica Partners Inc. increased its position in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International during the 1st quarter worth approximately $35,000. Inlight Wealth Management LLC acquired a new stake in Philip Morris International during the 1st quarter worth approximately $38,000. Finally, Ameriflex Group Inc. acquired a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PM. Needham & Company LLC began coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating for the company. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Barclays reaffirmed an "overweight" rating and issued a $220.00 price objective (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Finally, Citigroup raised their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have assigned 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 $176.80.

Philip Morris International Trading Up 1.8%

PM stock traded up $3.09 during mid-day trading on Friday, hitting $179.00. 2,734,143 shares of the company were exchanged, compared to its average volume of 5,642,713. The company has a market capitalization of $278.62 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.59 and a beta of 0.51. Philip Morris International Inc. has a twelve month low of $101.62 and a twelve month high of $186.69. The firm has a fifty day simple moving average of $177.14 and a 200 day simple moving average of $154.80.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm earned $1.50 earnings per share. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.02%. Philip Morris International's payout ratio is 111.34%.

Philip Morris International 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.