Buck Wealth Strategies LLC Acquires New Position in Philip Morris International Inc. (NYSE:PM)

Buck Wealth Strategies LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,379 shares of the company's stock, valued at approximately $219,000.

Several other hedge funds also recently bought and sold shares of PM. Brighton Jones LLC boosted its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Navellier & Associates Inc. boosted its holdings in shares of Philip Morris International by 63.7% during the fourth quarter. Navellier & Associates Inc. now owns 5,335 shares of the company's stock worth $642,000 after purchasing an additional 2,075 shares during the last quarter. Callan Capital LLC boosted its holdings in shares of Philip Morris International by 6.8% during the fourth quarter. Callan Capital LLC now owns 3,854 shares of the company's stock worth $464,000 after purchasing an additional 246 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Philip Morris International by 1.3% during the fourth quarter. First Horizon Advisors Inc. now owns 217,583 shares of the company's stock worth $26,186,000 after purchasing an additional 2,849 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 1.0%

Shares of PM traded up $1.89 during midday trading on Monday, reaching $185.18. 4,300,975 shares of the company were exchanged, compared to its average volume of 5,626,409. The stock has a 50-day moving average price of $173.82 and a 200-day moving average price of $151.27. The company has a market cap of $288.24 billion, a price-to-earnings ratio of 38.18, a P/E/G ratio of 2.66 and a beta of 0.52. Philip Morris International Inc. has a 1-year low of $99.86 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (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 business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the company earned $1.50 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's payout ratio is 111.34%.

Wall Street Analyst Weigh In

PM has been the topic of a number of research analyst reports. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and lifted their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Barclays reiterated an "overweight" rating and issued a $220.00 target price (up previously from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Finally, Citigroup lifted their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $176.80.

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.