Central Valley Advisors LLC Invests $233,000 in Philip Morris International Inc. (NYSE:PM)

Central Valley Advisors LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 1,466 shares of the company's stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also modified their holdings of PM. Kentucky Retirement Systems Insurance Trust Fund boosted its position in Philip Morris International by 23.3% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock worth $6,828,000 after acquiring an additional 10,703 shares during the last quarter. Empire Life Investments Inc. boosted its position in Philip Morris International by 11.6% during the 4th quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock worth $11,364,000 after acquiring an additional 9,789 shares during the last quarter. Game Plan Financial Advisors LLC boosted its position in Philip Morris International by 80.9% during the 4th quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock worth $922,000 after acquiring an additional 3,425 shares during the last quarter. Brighton Jones LLC boosted its position in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Finally, Symmetry Investments LP acquired a new position in Philip Morris International during the 4th quarter worth approximately $1,966,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Philip Morris International stock traded down $0.09 during mid-day trading on Friday, hitting $184.01. 5,500,599 shares of the company's stock traded hands, compared to its average volume of 5,616,006. The firm has a 50 day simple moving average of $170.67 and a two-hundred day simple moving average of $149.22. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $185.08. The stock has a market cap of $286.41 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the firm posted $1.50 EPS. The company's quarterly revenue was up 5.8% on a year-over-year basis. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International's dividend payout ratio is 111.34%.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent research reports. Citigroup upped their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Morgan Stanley reissued an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and increased their price objective for the company from $130.00 to $170.00 in a report on Friday, April 25th. Finally, Bank of America increased their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International 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.