Crossmark Global Holdings Inc. Buys 8,310 Shares of Philip Morris International Inc. (NYSE:PM)

Crossmark Global Holdings Inc. grew its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 30.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,281 shares of the company's stock after buying an additional 8,310 shares during the period. Crossmark Global Holdings Inc.'s holdings in Philip Morris International were worth $5,600,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PM. 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 worth $35,000 after purchasing an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in shares of Philip Morris International in the first quarter worth approximately $35,000. Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $36,000. Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $36,000. Finally, Ameriflex Group Inc. bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

PM stock traded down $1.26 on Friday, reaching $179.73. The company's stock had a trading volume of 3,411,950 shares, compared to its average volume of 5,628,287. The business has a fifty day simple moving average of $177.87 and a two-hundred 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. The firm has a market cap of $279.75 billion, a PE ratio of 37.06, a PEG ratio of 2.58 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, topping 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 company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. As a group, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.00%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio is currently 111.34%.

Analyst Ratings Changes

A number of brokerages have commented on PM. Bank of America increased 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 increased their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Jefferies Financial Group began coverage on shares of Philip Morris International in a research report on Wednesday. They set a "buy" rating and a $220.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $185.73.

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.