180 Wealth Advisors LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

180 Wealth Advisors LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,049 shares of the company's stock, valued at approximately $643,000.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted 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 in the last quarter. Capital World Investors grew its holdings in shares of Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. GQG Partners LLC increased its stake in shares of Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after buying an additional 6,092,558 shares during the period. Geode Capital Management LLC raised its holdings in 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 buying an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Philip Morris International by 3.1% during 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 buying an additional 516,617 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Insider Transactions at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. The trade was a 12.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company's stock.

Philip Morris International Stock Down 0.2%

Shares of PM stock traded down $0.33 during trading hours on Tuesday, hitting $182.42. 4,940,187 shares of the company's stock traded hands, compared to its average volume of 5,620,079. The stock's fifty day simple moving average is $165.83 and its two-hundred day simple moving average is $146.27. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $183.74. The stock has a market cap of $283.94 billion, a price-to-earnings ratio of 40.45, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a dividend yield of 2.96%. Philip Morris International's dividend payout ratio is presently 111.34%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Morgan Stanley restated an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Finally, Needham & Company LLC began coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $169.20.

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.