7,359 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Advisor Resource Council

Advisor Resource Council acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 7,359 shares of the company's stock, valued at approximately $1,094,000.

Several other institutional investors have also recently modified their holdings of the company. Lloyd Advisory Services LLC. increased its position in shares of Philip Morris International by 3.3% during the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock worth $323,000 after acquiring an additional 64 shares during the period. Omnia Family Wealth LLC grew its stake in shares of Philip Morris International by 1.7% during the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock worth $469,000 after acquiring an additional 65 shares during the last quarter. Wagner Wealth Management LLC grew its stake in shares of Philip Morris International by 1.0% during the first quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company's stock worth $1,025,000 after acquiring an additional 67 shares during the last quarter. Sonora Investment Management Group LLC grew its stake in shares of Philip Morris International by 0.6% during the first quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company's stock worth $1,784,000 after acquiring an additional 68 shares during the last quarter. Finally, Essex Savings Bank grew its stake in shares of Philip Morris International by 2.0% during the first quarter. Essex Savings Bank now owns 3,443 shares of the company's stock worth $547,000 after acquiring an additional 69 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on PM. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday. Morgan Stanley restated an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays reissued an "overweight" rating and set a $220.00 price target (up from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Citigroup increased their price target 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. Finally, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Price Performance

Shares of PM stock traded down $0.04 during trading on Friday, hitting $182.57. 10,713,275 shares of the stock traded hands, compared to its average volume of 5,631,735. The firm has a market capitalization of $284.18 billion, a P/E ratio of 37.64, a price-to-earnings-growth ratio of 2.66 and a beta of 0.52. The firm's fifty day moving average price is $173.82 and its 200-day moving average price is $151.27. Philip Morris International Inc. has a 52-week low of $99.86 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted 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. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the business earned $1.50 earnings per share. The company's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) 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.