CFC Planning Co LLC Acquires 1,564 Shares of Philip Morris International Inc. (NYSE:PM)

CFC Planning Co LLC grew its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,574 shares of the company's stock after purchasing an additional 1,564 shares during the period. Philip Morris International comprises approximately 3.6% of CFC Planning Co LLC's investment portfolio, making the stock its 6th biggest holding. CFC Planning Co LLC's holdings in Philip Morris International were worth $3,266,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Perigon Wealth Management LLC boosted its position in Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after purchasing an additional 60 shares during the period. TBH Global Asset Management LLC lifted its holdings in shares of Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock worth $1,100,000 after buying an additional 61 shares in the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in shares of Philip Morris International by 2.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock worth $477,000 after buying an additional 63 shares in the last quarter. Lloyd Advisory Services LLC. lifted its holdings in shares of Philip Morris International by 3.3% during the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock worth $323,000 after buying an additional 64 shares in the last quarter. Finally, Western Wealth Management LLC lifted its holdings in shares of Philip Morris International by 1.5% during the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock worth $706,000 after buying an additional 64 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the subject of a number of research reports. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Jefferies Financial Group started coverage on Philip Morris International in a research note on Wednesday. They issued a "buy" rating and a $220.00 price target for the company. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Needham & Company LLC initiated coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Finally, Stifel Nicolaus boosted their target price 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. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $185.73.

Philip Morris International Trading Up 1.6%

NYSE PM opened at $180.85 on Friday. The firm has a market capitalization of $281.50 billion, a P/E ratio of 37.29, a PEG ratio of 2.58 and a beta of 0.51. The business has a fifty day simple moving average of $177.87 and a 200 day simple moving average of $156.13. Philip Morris International Inc. has a 12 month low of $102.75 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS 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 analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.50 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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

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.

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