Beacon Financial Advisory LLC Buys New Shares in Philip Morris International Inc. (NYSE:PM)

Beacon Financial Advisory LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,646 shares of the company's stock, valued at approximately $261,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PM. Perigon Wealth Management LLC raised its position in Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after purchasing an additional 60 shares in the last quarter. Lloyd Advisory Services LLC. raised its position in Philip Morris International by 3.3% in the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after purchasing an additional 64 shares in the last quarter. Western Wealth Management LLC raised its position in Philip Morris International by 1.5% in the 1st quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after purchasing an additional 64 shares in the last quarter. Omnia Family Wealth LLC raised its position in Philip Morris International by 1.7% in the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after purchasing an additional 65 shares in the last quarter. Finally, Wagner Wealth Management LLC raised its position in shares of Philip Morris International by 1.0% during the 1st 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 in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on PM shares. Morgan Stanley reissued an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. 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. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and raised their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Price Performance

PM traded up $0.45 during trading on Friday, reaching $181.11. 7,043,892 shares of the stock were exchanged, compared to its average volume of 5,615,608. The business's 50 day moving average price is $175.96 and its two-hundred day moving average price is $152.97. The company has a market capitalization of $281.90 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.62 and a beta of 0.52. Philip Morris International Inc. has a 1 year low of $100.80 and a 1 year 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, topping 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 period in the previous year, the business earned $1.50 earnings per share. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 2.98%. Philip Morris International's dividend payout ratio is currently 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.