Inscription Capital LLC Purchases Shares of 16,121 Philip Morris International Inc. (NYSE:PM)

Inscription Capital LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 16,121 shares of the company's stock, valued at approximately $2,559,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Philip Morris International by 23.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock worth $6,828,000 after purchasing an additional 10,703 shares during the period. Brighton Jones LLC raised its holdings in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after buying an additional 2,023 shares in the last quarter. Symmetry Investments LP bought a new position in shares of Philip Morris International during the 4th quarter worth approximately $1,966,000. Worth Asset Management LLC acquired a new stake in Philip Morris International in the 1st quarter valued at $2,223,000. Finally, Annex Advisory Services LLC boosted its stake in Philip Morris International by 46.6% in the 1st quarter. Annex Advisory Services LLC now owns 34,715 shares of the company's stock valued at $5,510,000 after buying an additional 11,034 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on PM. Barclays reiterated an "overweight" rating and set a $220.00 price objective (up from $205.00) on shares of Philip Morris International in a research note on Friday. Stifel Nicolaus increased their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating 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 report on Friday, March 14th. Morgan Stanley restated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Price Performance

PM opened at $183.24 on Tuesday. The stock has a market capitalization of $285.21 billion, a P/E ratio of 40.63, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The company's 50 day simple moving average is $171.37 and its 200-day simple moving average is $149.82. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared 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 2.95%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio is 111.34%.

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.

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