Cable Hill Partners LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,503 shares of the company's stock, valued at approximately $258,000.
A number of other large investors have also added to or reduced their stakes in PM. Pacifica Partners Inc. raised its position in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International during the first quarter valued at about $35,000. Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International during the fourth quarter valued at about $36,000. Ameriflex Group Inc. bought a new position in shares of Philip Morris International during the fourth quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new position in shares of Philip Morris International during the first quarter valued at about $38,000. Hedge funds and other institutional investors own 78.63% of the company's stock.
Philip Morris International Trading Down 0.2%
Philip Morris International stock traded down $0.42 during trading hours on Friday, hitting $178.75. 4,649,814 shares of the stock traded hands, compared to its average volume of 5,658,774. The firm's 50-day moving average price is $178.64 and its two-hundred day moving average price is $158.16. The company has a market cap of $278.23 billion, a PE ratio of 36.86, a PEG ratio of 2.63 and a beta of 0.51. Philip Morris International Inc. has a one year low of $106.76 and a one year high of $186.69.
Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.
Philip Morris International Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.02%. Philip Morris International's dividend payout ratio is currently 111.34%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on PM. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. UBS Group set a $181.00 target price on Philip Morris International and gave the stock a "neutral" rating in a research note on Monday. Jefferies Financial Group assumed coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. Citigroup raised their target price on Philip Morris International from $188.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday, July 10th. Finally, Barclays raised their target price on Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average price target of $186.73.
Read Our Latest Analysis on Philip Morris International
Philip Morris International Profile
(
Free Report)
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.
Recommended Stories
Before you consider Philip Morris International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Philip Morris International wasn't on the list.
While Philip Morris International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
