1,453 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by Advisory Resource Group

Advisory Resource Group acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,453 shares of the company's stock, valued at approximately $231,000.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC boosted its stake in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the period. Pacifica Partners Inc. lifted its stake in Philip Morris International by 115.0% in the first 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 purchased a new stake in Philip Morris International in the fourth quarter worth $36,000. Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International in the fourth quarter worth $36,000. Finally, Ameriflex Group Inc. purchased a new stake in Philip Morris International in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PM shares. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Barclays reaffirmed an "overweight" rating and issued a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Needham & Company LLC started coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating for the company. Finally, Stifel Nicolaus raised their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Stock Down 0.0%

Shares of NYSE:PM traded down $0.04 on Friday, hitting $182.57. 10,713,275 shares of the company traded hands, compared to its average volume of 5,649,314. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $186.69. The stock has a 50 day simple moving average of $173.82 and a 200-day simple moving average of $150.99. The company has a market cap 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 (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the company earned $1.50 EPS. Philip Morris International's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.96%. Philip Morris International's 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.