Brentview Investment Management LLC Raises Stake in Philip Morris International Inc. (NYSE:PM)

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Brentview Investment Management LLC grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 6.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,323 shares of the company's stock after buying an additional 2,196 shares during the quarter. Philip Morris International makes up 3.2% of Brentview Investment Management LLC's portfolio, making the stock its 9th biggest holding. Brentview Investment Management LLC's holdings in Philip Morris International were worth $5,924,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pacifica Partners Inc. increased its holdings in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the first quarter worth about $35,000. Inlight Wealth Management LLC bought a new stake in shares of Philip Morris International in the first quarter worth about $38,000. Ameriflex Group Inc. bought a new stake in shares of Philip Morris International in the fourth quarter worth about $36,000. Finally, Hughes Financial Services LLC bought a new stake in shares of Philip Morris International in the first quarter worth about $46,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.7%

NYSE:PM traded down $1.09 during mid-day trading on Friday, hitting $162.96. 7,552,974 shares of the stock traded hands, compared to its average volume of 6,566,090. The stock has a market capitalization of $253.66 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.39 and a beta of 0.49. Philip Morris International Inc. has a 52 week low of $113.15 and a 52 week high of $186.69. The firm's 50 day moving average is $177.55 and its two-hundred day moving average is $161.60.

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. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The company had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the prior year, the firm posted $1.59 EPS. The firm's revenue was up 7.1% compared to the same quarter last year. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.3%. Philip Morris International's payout ratio is 102.66%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. Stifel Nicolaus lifted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Barclays reduced their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday. Finally, Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

About Philip Morris International

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.