8,061 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Savoir Faire Capital Management L.P.

Savoir Faire Capital Management L.P. purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,061 shares of the company's stock, valued at approximately $1,280,000.

Several other institutional investors have also made changes to their positions in the company. 49 Wealth Management LLC raised its stake in shares of Philip Morris International by 79.0% in the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after acquiring an additional 2,354 shares in the last quarter. Cortland Associates Inc. MO lifted its holdings in shares of Philip Morris International by 704.0% during the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock worth $22,690,000 after buying an additional 125,171 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock worth $69,695,000 after buying an additional 87,631 shares during the last quarter. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after buying an additional 2,023 shares during the last quarter. Finally, Symmetry Investments LP acquired a new position in shares of Philip Morris International during the fourth quarter worth approximately $1,966,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $0.42 during trading hours on Friday, hitting $178.75. The company's stock had a trading volume of 4,649,814 shares, compared to its average volume of 5,666,761. The company has a market capitalization of $278.23 billion, a PE ratio of 36.86, a price-to-earnings-growth ratio of 2.56 and a beta of 0.51. Philip Morris International Inc. has a 12 month low of $106.76 and a 12 month high of $186.69. The stock has a 50 day moving average of $178.83 and a 200 day moving average of $158.57.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 negative return on equity of 122.40% and a net margin of 8.43%. Philip Morris International's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share. Equities analysts expect 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 was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.02%. Philip Morris International's dividend payout ratio is currently 111.34%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PM. Bank of America boosted their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. UBS Group set a $181.00 price objective on Philip Morris International and gave the company a "neutral" rating in a research report on Monday, July 14th. Needham & Company LLC began coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Jefferies Financial Group began coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. Finally, Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus target price of $186.73.

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.