7,154 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by WESPAC Advisors LLC

WESPAC Advisors LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 7,154 shares of the company's stock, valued at approximately $1,136,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pacifica Partners Inc. grew its position in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International during the first quarter worth approximately $35,000. Inlight Wealth Management LLC acquired a new stake in Philip Morris International during the first quarter worth approximately $38,000. Ameriflex Group Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at $36,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $180.85 on Friday. Philip Morris International Inc. has a 52-week low of $102.75 and a 52-week high of $186.69. The company has a market capitalization of $281.50 billion, a PE ratio of 37.29, a price-to-earnings-growth ratio of 2.58 and a beta of 0.51. The business's fifty day moving average is $177.87 and its 200 day moving average is $156.13.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.99%. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PM. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Morgan Stanley reiterated an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. UBS Group upgraded 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 note on Friday, April 25th. Citigroup boosted their target price on Philip Morris International from $188.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $185.73.

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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