Crossmark Global Holdings Inc. Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Crossmark Global Holdings Inc. grew its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 30.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 35,281 shares of the company's stock after buying an additional 8,310 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Philip Morris International were worth $5,600,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Perigon Wealth Management LLC grew its stake in Philip Morris International by 0.4% in 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 in the last quarter. TBH Global Asset Management LLC boosted its position in Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after acquiring an additional 61 shares in the last quarter. Capital Advisors Wealth Management LLC boosted its position in Philip Morris International by 2.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after acquiring an additional 63 shares in the last quarter. Lloyd Advisory Services LLC. boosted its position in Philip Morris International by 3.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after acquiring an additional 64 shares in the last quarter. Finally, Western Wealth Management LLC boosted its position in Philip Morris International by 1.5% during the 1st quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after acquiring an additional 64 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 1.6%

Shares of NYSE PM traded up $2.87 during trading on Thursday, reaching $180.85. 5,208,523 shares of the company traded hands, compared to its average volume of 5,637,079. The firm's fifty day simple moving average is $177.65 and its 200 day simple moving average is $155.73. The stock has a market cap of $281.50 billion, a P/E ratio of 37.29, a PEG ratio of 2.58 and a beta of 0.51. 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 posted its 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. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the firm earned $1.50 EPS. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current 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. This represents a $5.40 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's payout ratio is 111.34%.

Analyst Ratings Changes

PM has been the topic of several recent research reports. Citigroup increased their target price on Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Barclays increased their price objective on Philip Morris International from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Jefferies Financial Group started coverage on Philip Morris International in a research note on Wednesday. They issued a "buy" rating and a $220.00 target price for the company. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $185.73.

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.