Naviter Wealth LLC purchased a new position in 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 purchased 2,090 shares of the company's stock, valued at approximately $327,000.
A number of other large investors also recently bought and sold shares of the business. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares in the last quarter. Pacifica Partners Inc. increased its stake 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 buying an additional 115 shares in the last quarter. Knuff & Co LLC purchased a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Ameriflex Group Inc. purchased 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.
Philip Morris International Stock Performance
PM opened at $181.11 on Monday. Philip Morris International Inc. has a one year low of $100.80 and a one year high of $186.69. The stock has a market capitalization of $281.90 billion, a PE ratio of 37.34, a P/E/G ratio of 2.62 and a beta of 0.52. The business's 50 day moving average price is $175.96 and its 200 day moving average price is $153.15.
Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The firm's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is 111.34%.
Wall Street Analysts Forecast Growth
Several research firms have commented on PM. Needham & Company LLC began coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Barclays reiterated an "overweight" rating and set a $220.00 price objective (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the company from $130.00 to $170.00 in a research report on Friday, April 25th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.80.
Get Our Latest Analysis on Philip Morris International
About Philip Morris International
(
Free Report)
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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