Earned Wealth Advisors LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,061 shares of the company's stock, valued at approximately $803,000.
A number of other large investors have also recently bought and sold shares of PM. Pacifica Partners Inc. boosted its stake in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $35,000. Inlight Wealth Management LLC bought a new position in Philip Morris International in the 1st quarter valued at approximately $38,000. Ameriflex Group Inc. bought a new position in Philip Morris International in the 4th quarter valued at approximately $36,000. Finally, Hughes Financial Services LLC bought a new position in Philip Morris International in the 1st quarter valued at approximately $46,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PM. Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. UBS Group raised their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a report on Monday, July 14th. Stifel Nicolaus raised their price objective 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. Citigroup reiterated an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Finally, Bank of America raised their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and an average target price of $186.27.
Read Our Latest Stock Analysis on PM
Philip Morris International Stock Down 0.7%
NYSE:PM opened at $162.96 on Friday. The company has a fifty day moving average of $177.55 and a 200-day moving average of $161.90. The firm has a market capitalization of $253.66 billion, a P/E ratio of 30.98, a P/E/G ratio of 2.37 and a beta of 0.49. Philip Morris International Inc. has a twelve month low of $113.15 and a twelve month high of $186.69.
Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. Philip Morris International's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.59 EPS. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.
Philip Morris International Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. Philip Morris International's payout ratio is currently 102.66%.
Philip Morris International Company Profile
(
Free Report)
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.
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