Harrell Investment Partners LLC Purchases New Position in Philip Morris International Inc. (NYSE:PM)

Harrell Investment Partners LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 5,319 shares of the company's stock, valued at approximately $844,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Lloyd Advisory Services LLC. boosted its holdings 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 worth $323,000 after purchasing an additional 64 shares in the last quarter. Omnia Family Wealth LLC lifted its position in Philip Morris International by 1.7% during the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock worth $469,000 after acquiring an additional 65 shares during the last quarter. Wagner Wealth Management LLC lifted its position in Philip Morris International by 1.0% during the 1st quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company's stock worth $1,025,000 after acquiring an additional 67 shares during the last quarter. Sonora Investment Management Group LLC lifted its position in Philip Morris International by 0.6% during the 1st quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company's stock worth $1,784,000 after acquiring an additional 68 shares during the last quarter. Finally, Essex Savings Bank lifted its position in Philip Morris International by 2.0% during the 1st quarter. Essex Savings Bank now owns 3,443 shares of the company's stock worth $547,000 after acquiring an additional 69 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

NYSE PM opened at $182.44 on Thursday. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $186.69. The stock has a market cap of $283.97 billion, a PE ratio of 37.62, a PEG ratio of 2.66 and a beta of 0.52. The firm has a 50-day simple moving average of $172.62 and a 200 day simple moving average of $150.28.

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 (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the business posted $1.50 earnings per share. The company's quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts forecast 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.96%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Analyst Ratings Changes

PM has been the subject of a number of research analyst reports. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Morgan Stanley reissued an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $176.80.

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.

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