Hengehold Capital Management LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

Hengehold Capital Management LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,605 shares of the company's stock, valued at approximately $255,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital & Planning LLC increased its stake in Philip Morris International by 7.1% in the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock valued at $318,000 after acquiring an additional 173 shares during the last quarter. Brighton Jones LLC lifted its stake in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of Philip Morris International by 1.6% in the 4th quarter. Bogart Wealth LLC now owns 9,366 shares of the company's stock valued at $1,127,000 after purchasing an additional 146 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its holdings in shares of Philip Morris International by 24.9% during the 4th quarter. V Square Quantitative Management LLC now owns 5,176 shares of the company's stock worth $623,000 after buying an additional 1,032 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of PM stock traded down $0.09 on Friday, hitting $184.01. The company had a trading volume of 5,500,599 shares, compared to its average volume of 5,615,900. The stock's 50-day moving average is $170.67 and its two-hundred day moving average is $149.34. The firm has a market cap of $286.41 billion, a P/E ratio of 40.80, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $185.16.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International's payout ratio is 111.34%.

Analysts Set New Price Targets

Several analysts recently weighed in on PM shares. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Barclays increased their target price on shares of Philip Morris International from $205.00 to $220.00 and gave the stock an "overweight" rating in a report on Friday. Needham & Company LLC started coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Citigroup upped their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Finally, Stifel Nicolaus raised their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International Company 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.