1,606 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Patron Partners LLC

Patron Partners LLC acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,606 shares of the company's stock, valued at approximately $255,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of Philip Morris International by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after purchasing an additional 1,167,810 shares during the last quarter. Capital World Investors boosted its stake in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares in the last quarter. GQG Partners LLC boosted its stake in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after acquiring an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Philip Morris International by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after acquiring an additional 516,617 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Barclays restated an "overweight" rating and issued a $220.00 price objective (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Morgan Stanley reissued an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Price Performance

Philip Morris International stock opened at $181.11 on Friday. The firm has a market capitalization of $281.90 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.62 and a beta of 0.52. The stock has a fifty day moving average price of $175.96 and a two-hundred day moving average price of $152.79. Philip Morris International Inc. has a 52-week low of $100.80 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm'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. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid 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 dividend yield of 2.98%. Philip Morris International's dividend payout ratio (DPR) is presently 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.

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