1,600 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by WJ Wealth Management LLC

WJ Wealth Management LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 1,600 shares of the company's stock, valued at approximately $254,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. NewSquare Capital LLC raised its stake in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Pacifica Partners Inc. increased its holdings 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 during the period. Knuff & Co LLC acquired a new stake in Philip Morris International in the 4th quarter valued at about $36,000. Ball & Co Wealth Management Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Trading Up 0.2%

Shares of PM stock opened at $181.11 on Friday. The company has a market capitalization of $281.90 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 2.62 and a beta of 0.52. The business's 50 day moving average is $175.96 and its two-hundred day moving average is $152.97. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69.

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

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 dividend on an annualized basis and a yield of 2.98%. Philip Morris International's payout ratio is currently 111.34%.

Analyst Upgrades and Downgrades

PM has been the topic of several analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Bank of America increased their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC started coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, Citigroup lifted their price target on Philip Morris International from $163.00 to $180.00 and gave the stock 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $176.80.

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.

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