Philip Morris International Inc. (NYSE:PM) Shares Acquired by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 14.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 254,684 shares of the company's stock after acquiring an additional 31,973 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in Philip Morris International were worth $40,426,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. GQG Partners LLC lifted its position in Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Philip Morris International by 19,986.5% during the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after purchasing an additional 4,464,590 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth $522,214,000. Kovitz Investment Group Partners LLC lifted its position in shares of Philip Morris International by 372.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after purchasing an additional 4,298,530 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 0.6%

Philip Morris International stock traded up $1.01 during midday trading on Thursday, hitting $180.61. The stock had a trading volume of 5,801,809 shares, compared to its average volume of 5,610,718. The business has a fifty day moving average price of $175.60 and a 200 day moving average price of $152.43. Philip Morris International Inc. has a 12 month low of $100.80 and a 12 month high of $186.69. The stock has a market cap of $281.13 billion, a P/E ratio of 37.24, a P/E/G ratio of 2.60 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.99%. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Citigroup lifted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Morgan Stanley restated an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Barclays reissued an "overweight" rating and issued a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Finally, Stifel Nicolaus upped their target price on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus 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.