Philip Morris International Inc. (NYSE:PM) Position Raised by Brentview Investment Management LLC

Key Points

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Brentview Investment Management LLC grew its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 37,323 shares of the company's stock after acquiring an additional 2,196 shares during the period. Philip Morris International comprises about 3.2% of Brentview Investment Management LLC's holdings, making the stock its 9th largest holding. Brentview Investment Management LLC's holdings in Philip Morris International were worth $5,924,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacifica Partners Inc. boosted its stake in Philip Morris International by 115.0% during the 1st 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 purchased a new stake in Philip Morris International during the 1st quarter valued at $35,000. Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International during the 4th quarter valued at $36,000. Ameriflex Group Inc. purchased a new stake in Philip Morris International during the 4th quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Philip Morris International during the 1st quarter valued at $38,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on PM. Citigroup reissued an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Stifel Nicolaus increased their price target on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.27.

Philip Morris International Stock Down 0.0%

PM traded down $0.08 on Monday, hitting $162.88. The company had a trading volume of 5,186,048 shares, compared to its average volume of 6,174,779. Philip Morris International Inc. has a 12-month low of $113.15 and a 12-month high of $186.69. The business's fifty day simple moving average is $177.55 and its 200 day simple moving average is $162.20. The company has a market cap of $253.54 billion, a PE ratio of 30.97, a PEG ratio of 2.37 and a beta of 0.49.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The business had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the business earned $1.59 earnings per share. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 dividend yield of 3.3%. Philip Morris International's dividend payout ratio is presently 102.66%.

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.