Diversified Trust Co Boosts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Diversified Trust Co increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 209.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 96,806 shares of the company's stock after purchasing an additional 65,493 shares during the period. Diversified Trust Co's holdings in Philip Morris International were worth $15,366,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Wealth Enhancement Advisory Services LLC boosted its position in Philip Morris International by 24.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock worth $69,695,000 after purchasing an additional 87,631 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the period. Symmetry Investments LP purchased a new position in shares of Philip Morris International in the fourth quarter worth approximately $1,966,000. Worth Asset Management LLC bought a new stake in Philip Morris International during the first quarter valued at approximately $2,223,000. Finally, Annex Advisory Services LLC grew its position in Philip Morris International by 46.6% during the first quarter. Annex Advisory Services LLC now owns 34,715 shares of the company's stock valued at $5,510,000 after buying an additional 11,034 shares during the period. Institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Stifel Nicolaus increased their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Citigroup raised their target price on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Needham & Company LLC assumed coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating for the company. Barclays restated an "overweight" rating and issued a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Finally, UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International Stock Up 0.2%

PM stock traded up $0.45 during trading on Friday, reaching $181.11. The company's stock had a trading volume of 7,043,892 shares, compared to its average volume of 5,616,456. The company's fifty day moving average is $175.60 and its 200-day moving average is $152.43. The company has a market capitalization of $281.90 billion, a P/E ratio of 37.34, a price-to-earnings-growth ratio of 2.60 and a beta of 0.52. Philip Morris International Inc. has a 1 year low of $100.80 and a 1 year high of $186.69.

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, topping analysts' consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion during 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 business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.50 earnings per share. Analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.98%. Philip Morris International's payout ratio is 111.34%.

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.