Philip Morris International Inc. (NYSE:PM) Shares Bought by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 92,388 shares of the company's stock after buying an additional 1,905 shares during the period. CHURCHILL MANAGEMENT Corp's holdings in Philip Morris International were worth $14,665,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Perigon Wealth Management LLC increased its holdings in Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after acquiring an additional 60 shares in the last quarter. TBH Global Asset Management LLC grew its position in shares of Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after purchasing an additional 61 shares during the period. Capital Advisors Wealth Management LLC increased its stake 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 purchasing an additional 63 shares in the last quarter. Lloyd Advisory Services LLC. raised its position in shares of Philip Morris International by 3.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock worth $323,000 after purchasing an additional 64 shares during the last quarter. Finally, Western Wealth Management LLC lifted its stake in Philip Morris International by 1.5% in the 1st quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after buying an additional 64 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Down 1.1%

PM stock traded down $1.96 during mid-day trading on Wednesday, hitting $175.57. 1,495,307 shares of the company were exchanged, compared to its average volume of 5,607,339. Philip Morris International Inc. has a 12-month low of $100.80 and a 12-month high of $186.69. The firm has a market capitalization of $273.28 billion, a P/E ratio of 36.22, a PEG ratio of 2.64 and a beta of 0.51. The business has a fifty day simple moving average of $176.63 and a 200-day simple moving average of $153.71.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the business posted $1.50 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.08%. Philip Morris International's dividend payout ratio is currently 111.34%.

Analyst Ratings Changes

Several research firms have commented on PM. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Needham & Company LLC assumed coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Bank of America boosted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and an average target price of $176.80.

About Philip Morris International

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.