Foster & Motley Inc. Takes $249,000 Position in Philip Morris International Inc. (NYSE:PM)

Key Points

• Foster & Motley Inc. acquired 1,569 shares of Philip Morris International Inc. valued at approximately $249,000 during the 1st quarter.
• Philip Morris reported a quarterly earnings per share (EPS) of $1.91, beating estimates and showing a 7.1% year-over-year revenue increase.
• The company recently declared a quarterly dividend of $1.35 per share, representing an annualized dividend of $5.40 with a yield of 3.3%.

Foster & Motley Inc. purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,569 shares of the company's stock, valued at approximately $249,000.

Several other large investors have also recently modified their holdings of the stock. Perigon Wealth Management LLC raised its stake in Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after buying an additional 60 shares during the last quarter. TBH Global Asset Management LLC raised its stake in Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares during the last quarter. Capital Advisors Wealth Management LLC raised its stake in Philip Morris International by 2.1% in the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after buying an additional 63 shares during the last quarter. Lloyd Advisory Services LLC. raised its stake in Philip Morris International by 3.3% in the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after buying an additional 64 shares during the last quarter. Finally, Western Wealth Management LLC raised its stake in Philip Morris International by 1.5% in the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after buying an additional 64 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $1.16 during trading on Tuesday, reaching $164.15. The stock had a trading volume of 2,326,262 shares, compared to its average volume of 6,148,050. Philip Morris International Inc. has a 1-year low of $113.20 and a 1-year high of $186.69. The stock has a market cap of $255.52 billion, a PE ratio of 31.20, a PEG ratio of 2.37 and a beta of 0.48. The business has a fifty day moving average price of $177.24 and a 200-day moving average price of $162.48.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the business posted $1.59 earnings per share. The firm's revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.3%. Philip Morris International's payout ratio is currently 102.66%.

Analysts Set New Price Targets

A number of research firms have commented on PM. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. UBS Group raised their price objective on Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a research note on Monday, July 14th. Stifel Nicolaus raised their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Barclays reduced their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a research note on Wednesday, July 30th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a report on Wednesday, July 23rd. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $186.27.

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.