Philip Morris International Inc. (NYSE:PM) Stock Position Raised by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its stake in Philip Morris International by 23.0%, acquiring an additional 6,928 shares, raising their total holdings to 37,091 shares valued at approximately $5.89 million.
• Wall Street analysts show positive sentiment towards Philip Morris, with a majority rating the stock as a "Moderate Buy" and setting a consensus price target of $186.27, reflecting expected growth.
• The most recent quarterly earnings report indicated that Philip Morris earned $1.91 per share, exceeding expectations, although the company’s revenue fell short of estimates at $10.14 billion.

Callan Family Office LLC grew its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 23.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,091 shares of the company's stock after acquiring an additional 6,928 shares during the quarter. Callan Family Office LLC's holdings in Philip Morris International were worth $5,887,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PM. Pacifica Partners Inc. grew its position in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC bought a new position in Philip Morris International during the first quarter worth $35,000. Ball & Co Wealth Management Inc. bought a new position in Philip Morris International during the fourth quarter worth $36,000. Ameriflex Group Inc. bought a new position in Philip Morris International during the fourth quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new position in Philip Morris International during the first quarter worth $38,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Performance

PM traded down $2.91 during trading on Wednesday, reaching $165.69. The company had a trading volume of 5,020,210 shares, compared to its average volume of 7,072,447. The firm's 50-day simple moving average is $175.47 and its 200 day simple moving average is $164.05. The company has a market cap of $257.91 billion, a price-to-earnings ratio of 31.50, a PEG ratio of 2.45 and a beta of 0.48. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.

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

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid 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 (DPR) is 102.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday, July 23rd. Jefferies Financial Group started coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target for the company. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. UBS Group boosted their target price 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. Finally, Barclays reduced their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

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.