Brio Consultants LLC Buys Shares of 2,454 Philip Morris International Inc. (NYSE:PM)

Key Points

• Brio Consultants LLC recently acquired a new position in Philip Morris International Inc. by purchasing 2,454 shares valued at approximately $390,000.
• Several hedge funds increased their stakes in Philip Morris International, with Capital World Investors raising its position by 3.6% during the fourth quarter.
• The consensus price target for Philip Morris International is currently $186.73, with twelve analysts giving the stock a buy rating.

Brio Consultants LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,454 shares of the company's stock, valued at approximately $390,000.

Several other institutional investors also recently bought and sold shares of PM. Capital World Investors lifted its position in Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares during the period. Geode Capital Management LLC lifted its position in Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after acquiring an additional 3,185,258 shares during the period. Wellington Management Group LLP lifted its position in Philip Morris International by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after acquiring an additional 516,617 shares during the period. Franklin Resources Inc. lifted its position in Philip Morris International by 9.6% during the 4th quarter. Franklin Resources Inc. now owns 14,249,131 shares of the company's stock worth $1,714,883,000 after acquiring an additional 1,248,561 shares during the period. Finally, Northern Trust Corp lifted its position in Philip Morris International by 11.0% during the 4th quarter. Northern Trust Corp now owns 13,630,177 shares of the company's stock worth $1,640,392,000 after acquiring an additional 1,347,503 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. UBS Group lifted their price target on Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a research report on Monday, July 14th. Barclays reissued an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $186.73.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $3.26 during trading hours on Monday, reaching $157.66. 8,675,871 shares of the company were exchanged, compared to its average volume of 5,678,371. Philip Morris International Inc. has a 1 year low of $112.43 and a 1 year high of $186.69. The stock's fifty day moving average is $178.55 and its 200 day moving average is $160.95. The firm has a market cap of $245.40 billion, a PE ratio of 29.97, a PEG ratio of 2.34 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last posted its 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 firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 10.57%. Philip Morris International's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 earnings per share. Research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio is currently 102.66%.

Philip Morris International Company 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.