Alliance Wealth Management Group Takes $543,000 Position in Philip Morris International Inc. (NYSE:PM)

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Alliance Wealth Management Group acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 3,424 shares of the company's stock, valued at approximately $543,000.

Other institutional investors also recently modified their holdings of the company. Pacifica Partners Inc. lifted its holdings in shares of Philip Morris International by 115.0% during 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 bought a new stake in shares of Philip Morris International during the first quarter valued at approximately $35,000. Ball & Co Wealth Management Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $36,000. Ameriflex Group Inc. bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Philip Morris International during the first quarter valued at approximately $38,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $0.08 during trading hours on Monday, reaching $162.88. The company's stock had a trading volume of 5,186,048 shares, compared to its average volume of 6,174,779. The firm has a 50 day moving average price of $177.55 and a 200-day moving average price of $162.20. Philip Morris International Inc. has a one year low of $113.15 and a one year high of $186.69. The stock has a market cap of $253.54 billion, a P/E ratio of 30.97, a P/E/G ratio of 2.37 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm's revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.59 EPS. As a group, 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 firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 3.3%. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

Analysts Set New Price Targets

PM has been the subject of a number of research analyst reports. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Bank of America lifted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. Finally, UBS Group lifted their target price on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $186.27.

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.