Accelerate Investment Advisors LLC Purchases New Shares in Philip Morris International Inc. (NYSE:PM)

Accelerate Investment Advisors LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,412 shares of the company's stock, valued at approximately $224,000.

Other hedge funds have also recently added to or reduced their stakes in the company. NewSquare Capital LLC lifted its position in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares during the period. Pacifica Partners Inc. lifted its position in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the period. Knuff & Co LLC bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $36,000. Ball & Co Wealth Management Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $36,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $36,000. Institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Stifel Nicolaus raised their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Citigroup raised their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $176.80.

Philip Morris International Price Performance

Shares of PM traded down $1.02 during mid-day trading on Thursday, reaching $182.44. The company had a trading volume of 6,063,334 shares, compared to its average volume of 5,624,837. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $186.69. The company's 50-day moving average is $173.25 and its 200-day moving average is $150.63. The company has a market capitalization of $283.97 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly 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. 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 during the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the firm posted $1.50 EPS. The business's revenue was up 5.8% on a year-over-year basis. As a group, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued 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 yield of 2.96%. Philip Morris International's dividend payout ratio is 111.34%.

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.