Fountainhead AM LLC Takes $233,000 Position in Philip Morris International Inc. (NYSE:PM)

Fountainhead AM LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,468 shares of the company's stock, valued at approximately $233,000.

A number of other institutional investors have also bought and sold shares of the business. 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 worth $35,000 after buying an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International in the 1st quarter valued at about $35,000. Inlight Wealth Management LLC purchased a new stake in shares of Philip Morris International in the 1st quarter valued at approximately $38,000. Ameriflex Group Inc. purchased a new position in shares of Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Hughes Financial Services LLC purchased a new position in Philip Morris International in the 1st quarter valued at approximately $46,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

PM has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Barclays restated an "overweight" rating on shares of Philip Morris International in a research note on Tuesday. Citigroup reissued an "overweight" rating on shares of Philip Morris International in a report on Tuesday. Needham & Company LLC initiated coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating on the stock. Finally, 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 research report on Monday, July 14th. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $186.73.

Philip Morris International Stock Performance

Shares of NYSE PM traded down $13.27 during mid-day trading on Tuesday, reaching $167.21. The company had a trading volume of 15,253,372 shares, compared to its average volume of 5,703,885. Philip Morris International Inc. has a one year low of $106.76 and a one year high of $186.69. The firm has a market cap of $260.26 billion, a price-to-earnings ratio of 34.46, a PEG ratio of 2.56 and a beta of 0.51. The business's 50-day simple moving average is $178.83 and its 200 day simple moving average is $159.09.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period last year, the firm posted $1.59 earnings per share. The business's revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.23%. Philip Morris International's dividend 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.