Philip Morris International Inc. (NYSE:PM) Shares Purchased by Csenge Advisory Group

Csenge Advisory Group lifted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 5.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 28,977 shares of the company's stock after buying an additional 1,495 shares during the quarter. Csenge Advisory Group's holdings in Philip Morris International were worth $4,729,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 49 Wealth Management LLC grew its holdings in Philip Morris International by 79.0% during the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock worth $847,000 after acquiring an additional 2,354 shares during the last quarter. Cortland Associates Inc. MO boosted its stake in shares of Philip Morris International by 704.0% in the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock valued at $22,690,000 after purchasing an additional 125,171 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Philip Morris International by 24.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after acquiring an additional 87,631 shares during the period. Brighton Jones LLC lifted its position in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after acquiring an additional 2,023 shares during the period. Finally, Symmetry Investments LP acquired a new position in shares of Philip Morris International during the 4th quarter valued at $1,966,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Down 0.2%

Shares of PM stock traded down $0.42 on Friday, hitting $178.75. The stock had a trading volume of 4,649,814 shares, compared to its average volume of 5,666,761. The business has a 50 day moving average price of $178.83 and a 200 day moving average price of $158.57. The company has a market cap of $278.23 billion, a PE ratio of 36.86, a P/E/G ratio of 2.56 and a beta of 0.51. Philip Morris International Inc. has a one year low of $106.76 and a one year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its 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 net margin of 8.43% and a negative return on equity of 122.40%. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the company posted $1.50 earnings per share. The firm's revenue was up 5.8% on a year-over-year basis. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.02%. Philip Morris International's dividend payout ratio is currently 111.34%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PM. Citigroup increased their target price on shares of Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a report on Thursday, July 10th. Barclays increased their price target on shares of Philip Morris International from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley reiterated an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. UBS Group set a $181.00 target price on shares of Philip Morris International and gave the stock a "neutral" rating in a research report on Monday, July 14th. Finally, Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $186.73.

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.