GSG Advisors LLC Purchases Shares of 1,792 Philip Morris International Inc. $PM

Key Points

• GSG Advisors LLC has acquired a new stake in Philip Morris International, purchasing 1,792 shares valued at approximately $272,000 in the first quarter.
• Philip Morris International's stock saw mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a price target averaging $186.27.
• The company announced a quarterly dividend of $1.35, representing a 3.2% yield and a dividend payout ratio of 102.66%.

GSG Advisors LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,792 shares of the company's stock, valued at approximately $272,000.

Several other institutional investors also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Philip Morris International in the first quarter worth about $34,000. Pacifica Partners Inc. raised its position 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 during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International in the 1st quarter valued at approximately $35,000. Ball & Co Wealth Management Inc. acquired a new stake in Philip Morris International in the 4th quarter worth approximately $36,000. Finally, Ameriflex Group Inc. purchased a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. KGI Securities initiated coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating for the company. Bank of America increased their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Finally, Barclays dropped their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus price target of $186.27.

Philip Morris International Trading Up 0.6%

PM stock opened at $166.19 on Monday. The company has a market cap of $258.69 billion, a PE ratio of 31.60, a price-to-earnings-growth ratio of 2.42 and a beta of 0.48. The stock has a 50-day moving average price of $174.84 and a two-hundred day moving average price of $165.04. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its 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. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the company earned $1.59 earnings per share. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

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.

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