IFP Advisors Inc Buys 6,173 Shares of Philip Morris International Inc. (NYSE:PM)

IFP Advisors Inc increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 19.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,128 shares of the company's stock after purchasing an additional 6,173 shares during the quarter. IFP Advisors Inc's holdings in Philip Morris International were worth $6,052,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. Pacifica Partners Inc. lifted its position in 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 acquiring an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in Philip Morris International during the 1st quarter worth approximately $35,000. Inlight Wealth Management LLC acquired a new position in Philip Morris International during the 1st quarter worth approximately $38,000. Ameriflex Group Inc. acquired a new position in Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Hughes Financial Services LLC acquired a new position in Philip Morris International during the 1st quarter worth approximately $46,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 1.2%

PM stock traded up $2.21 during mid-day trading on Monday, hitting $180.94. The stock had a trading volume of 5,124,134 shares, compared to its average volume of 5,664,592. Philip Morris International Inc. has a 1-year low of $106.76 and a 1-year high of $186.69. The company has a fifty day moving average of $178.83 and a 200 day moving average of $159.09. The stock has a market capitalization of $281.63 billion, a price-to-earnings ratio of 37.31, a PEG ratio of 2.56 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last released 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 negative return on equity of 122.40% and a net margin of 8.43%. The company 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 company posted $1.50 EPS. The firm's revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.98%. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on PM shares. Morgan Stanley restated an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target for the company. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Sunday. UBS Group set a $181.00 price target on Philip Morris International and gave the company a "neutral" rating in a report on Monday, July 14th. Finally, Bank of America boosted their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $186.73.

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.