Good Steward Wealth Advisors LLC Buys New Shares in Philip Morris International Inc. (NYSE:PM)

Good Steward Wealth Advisors LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,394 shares of the company's stock, valued at approximately $856,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Capital & Planning LLC grew its holdings in Philip Morris International by 7.1% during the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock valued at $318,000 after purchasing an additional 173 shares during the period. Brighton Jones LLC grew its holdings in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its holdings in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares during the period. Private Advisor Group LLC grew its holdings in Philip Morris International by 0.4% during the fourth quarter. Private Advisor Group LLC now owns 83,566 shares of the company's stock valued at $10,057,000 after purchasing an additional 352 shares during the period. Finally, Ieq Capital LLC grew its holdings in Philip Morris International by 72.8% during the fourth quarter. Ieq Capital LLC now owns 93,105 shares of the company's stock valued at $11,205,000 after purchasing an additional 39,215 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

PM has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $130.00 to $170.00 in a report on Friday, April 25th. Morgan Stanley restated an "overweight" rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Barclays reiterated an "overweight" rating and issued a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International Trading Down 0.0%

Shares of PM stock traded down $0.04 during trading hours on Friday, hitting $182.57. 10,713,275 shares of the company were exchanged, compared to its average volume of 5,649,314. The company has a market capitalization of $284.18 billion, a PE ratio of 37.64, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $186.69. The business has a 50 day moving average of $173.82 and a two-hundred day moving average of $150.99.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results 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 business 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 revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 earnings per share. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced 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. This represents a $5.40 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

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.