Cetera Investment Advisers Buys 70,774 Shares of Philip Morris International Inc. (NYSE:PM)

Cetera Investment Advisers raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 606,408 shares of the company's stock after acquiring an additional 70,774 shares during the period. Cetera Investment Advisers' holdings in Philip Morris International were worth $96,255,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pacifica Partners Inc. boosted its holdings in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the first quarter worth approximately $35,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth $36,000. Ameriflex Group Inc. purchased a new position in shares of Philip Morris International in the 4th quarter worth about $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in Philip Morris International during the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.1%

PM traded down $0.16 during trading on Friday, hitting $160.92. 4,541,084 shares of the company's stock were exchanged, compared to its average volume of 5,803,806. The stock has a market cap of $250.47 billion, a P/E ratio of 30.59, a PEG ratio of 2.30 and a beta of 0.51. The business's 50 day moving average is $178.86 and its two-hundred day moving average is $160.14. Philip Morris International Inc. has a fifty-two week low of $112.43 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 10.57% and a negative return on equity of 120.86%. The firm's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 EPS. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

Analyst Ratings Changes

PM has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Citigroup reiterated an "overweight" rating on shares of Philip Morris International in a research report on Tuesday. UBS Group increased their target price on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, Bank of America upped 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. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus target price of $186.73.

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.