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

Other institutional investors and hedge funds have also bought and sold shares of the company. Pacifica Partners Inc. raised its stake in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the period. Redmont Wealth Advisors LLC bought a new stake in Philip Morris International in the first quarter valued at approximately $35,000. Ball & Co Wealth Management Inc. bought a new stake in Philip Morris International in the fourth quarter valued at approximately $36,000. Ameriflex Group Inc. bought a new stake in Philip Morris International in the fourth quarter valued at approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Philip Morris International in the first quarter valued at approximately $38,000. Institutional investors own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on PM. Needham & Company LLC restated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. Stifel Nicolaus increased their target price 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. 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 note on Thursday, April 24th. JPMorgan Chase & Co. increased their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, UBS Group increased their target price 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. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $186.27.

Philip Morris International Price Performance

NYSE:PM traded down $1.09 during trading hours on Friday, reaching $162.96. 7,552,974 shares of the company were exchanged, compared to its average volume of 6,566,090. The company 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 1-year low of $113.15 and a 1-year high of $186.69. The business has a 50 day moving average of $177.55 and a 200 day moving average of $161.60.

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

Philip Morris International Dividend Announcement

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

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.