Callahan Advisors LLC Grows Holdings in Philip Morris International Inc. (NYSE:PM)

Callahan Advisors LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 31.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,801 shares of the company's stock after buying an additional 3,067 shares during the quarter. Callahan Advisors LLC's holdings in Philip Morris International were worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of PM. Vanguard Group Inc. lifted its stake in shares of Philip Morris International by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after buying an additional 1,167,810 shares during the period. Capital World Investors lifted its stake in shares of Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after buying an additional 4,216,586 shares during the period. GQG Partners LLC lifted its stake in shares of Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after buying an additional 6,092,558 shares during the period. Geode Capital Management LLC lifted its stake in shares of Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after buying an additional 3,185,258 shares during the period. Finally, Wellington Management Group LLP lifted its stake in shares of Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after buying an additional 516,617 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.7%

Shares of PM stock traded down $1.26 during mid-day trading on Friday, reaching $179.73. The company's stock had a trading volume of 3,430,602 shares, compared to its average volume of 5,634,992. The company's 50 day simple moving average is $177.87 and its 200-day simple moving average is $156.13. Philip Morris International Inc. has a 12-month low of $104.84 and a 12-month high of $186.69. The firm has a market capitalization of $279.75 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.63 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm posted $1.50 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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 paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio is presently 111.34%.

Analyst Ratings Changes

PM has been the topic of several recent analyst reports. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Bank of America upped their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Citigroup upped their price objective on shares of Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Stifel Nicolaus lifted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $185.73.

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.