Philip Morris International Inc. (NYSE:PM) Shares Bought by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 251,741 shares of the company's stock after buying an additional 21,073 shares during the quarter. IFM Investors Pty Ltd's holdings in Philip Morris International were worth $39,959,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC raised its stake in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares during the last quarter. Pacifica Partners Inc. raised its stake in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after buying an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International during the 1st quarter worth $35,000. Inlight Wealth Management LLC acquired a new position in shares of Philip Morris International during the 1st quarter worth $38,000. Finally, Ameriflex Group Inc. purchased a new stake in Philip Morris International during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Barclays reiterated an "overweight" rating and set a $220.00 price objective (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Stifel Nicolaus lifted their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Trading Up 1.8%

PM traded up $3.09 during midday trading on Friday, hitting $179.00. The company's stock had a trading volume of 2,734,143 shares, compared to its average volume of 5,634,419. The firm has a market cap of $278.62 billion, a P/E ratio of 36.91, a PEG ratio of 2.59 and a beta of 0.51. The firm has a 50-day moving average price of $177.14 and a two-hundred day moving average price of $154.59. Philip Morris International Inc. has a 52-week low of $100.80 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the previous year, the business earned $1.50 EPS. The company's revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business 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 dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.02%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 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.