Chapin Davis Inc. Boosts Position in Philip Morris International Inc. (NYSE:PM)

Chapin Davis Inc. boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1,250.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,296 shares of the company's stock after purchasing an additional 21,571 shares during the quarter. Philip Morris International makes up 1.3% of Chapin Davis Inc.'s portfolio, making the stock its 17th biggest holding. Chapin Davis Inc.'s holdings in Philip Morris International were worth $3,698,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PM. NewSquare Capital LLC grew its holdings in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares during the last quarter. Pacifica Partners Inc. grew its holdings in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the last quarter. Knuff & Co LLC acquired a new stake in shares of Philip Morris International during the fourth quarter valued at $36,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter valued at $36,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter valued at $36,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Barclays restated an "overweight" rating and set a $220.00 target price (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Finally, Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. One research 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International Trading Down 0.0%

Shares of Philip Morris International stock opened at $182.57 on Monday. The stock has a market capitalization of $284.18 billion, a P/E ratio of 37.64, a PEG ratio of 2.66 and a beta of 0.52. Philip Morris International Inc. has a twelve month low of $99.86 and a twelve month high of $186.69. The business's fifty day moving average price is $173.82 and its 200 day moving average price is $151.27.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for 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%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 EPS. As a group, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business 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 dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's dividend payout ratio 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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