Philip Morris International Inc. (NYSE:PM) Holdings Raised by CFC Planning Co LLC

CFC Planning Co LLC boosted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,574 shares of the company's stock after acquiring an additional 1,564 shares during the quarter. Philip Morris International accounts for 3.6% of CFC Planning Co LLC's holdings, making the stock its 6th largest position. CFC Planning Co LLC's holdings in Philip Morris International were worth $3,266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Pacifica Partners Inc. increased its position in shares of 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 buying an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC purchased a new stake in shares of Philip Morris International in the first quarter valued at approximately $35,000. Ball & Co Wealth Management Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. Ameriflex Group Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC purchased a new stake in shares of Philip Morris International in the first quarter valued at approximately $38,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $0.91 during trading hours on Monday, hitting $180.82. The company's stock had a trading volume of 5,598,441 shares, compared to its average volume of 5,987,340. Philip Morris International Inc. has a twelve month low of $104.84 and a twelve month high of $186.69. The firm has a fifty day moving average of $178.05 and a 200-day moving average of $157.00. The stock has a market cap of $281.45 billion, a price-to-earnings ratio of 37.28, a P/E/G ratio of 2.60 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the company posted $1.50 EPS. The company's quarterly revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday. Bank of America lifted their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Stifel Nicolaus lifted their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, UBS Group set a $181.00 price target on Philip Morris International and gave the stock a "neutral" rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average price target of $186.73.

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.