Financial Partners Group LLC Takes Position in Philip Morris International Inc. (NYSE:PM)

Financial Partners Group LLC bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,497 shares of the company's stock, valued at approximately $238,000.

A number of other large investors have also added to or reduced their stakes in PM. Capital & Planning LLC lifted its holdings in Philip Morris International by 7.1% in the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock valued at $318,000 after acquiring an additional 173 shares during the period. Brighton Jones LLC increased 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 purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the period. Valmark Advisers Inc. boosted its holdings in shares of Philip Morris International by 18.2% in the fourth quarter. Valmark Advisers Inc. now owns 4,470 shares of the company's stock worth $538,000 after buying an additional 688 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in shares of Philip Morris International by 2.7% in the fourth quarter. J.W. Cole Advisors Inc. now owns 14,625 shares of the company's stock worth $1,760,000 after buying an additional 383 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Morgan Stanley restated an "overweight" rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Finally, Citigroup lifted their price objective on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Stock Up 0.1%

NYSE PM opened at $183.50 on Wednesday. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $186.69. The business has a 50-day moving average price of $172.01 and a 200-day moving average price of $150.05. The firm has a market cap of $285.63 billion, a price-to-earnings ratio of 37.84, a price-to-earnings-growth ratio of 2.66 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS. Research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business 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. This represents a $5.40 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's payout ratio is currently 111.34%.

Philip Morris International Company 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.

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