Jackson Wealth Management LLC Invests $513,000 in Philip Morris International Inc. (NYSE:PM)

Jackson Wealth Management LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,235 shares of the company's stock, valued at approximately $513,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC grew its position in Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC grew its position in 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 buying an additional 91 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of Philip Morris International by 60.4% during the 4th quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock worth $465,000 after purchasing an additional 1,455 shares in the last quarter. Welch & Forbes LLC boosted its position in shares of Philip Morris International by 5.7% during the 4th quarter. Welch & Forbes LLC now owns 21,861 shares of the company's stock worth $2,631,000 after purchasing an additional 1,174 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its position in shares of Philip Morris International by 69.1% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 20,884 shares of the company's stock worth $2,542,000 after purchasing an additional 8,535 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of PM stock traded up $2.24 on Monday, hitting $181.12. 4,652,143 shares of the stock traded hands, compared to its average volume of 5,638,756. Philip Morris International Inc. has a 1-year low of $101.62 and a 1-year high of $186.69. The company's fifty day moving average is $177.14 and its 200 day moving average is $155.03. The company has a market capitalization of $281.92 billion, a PE ratio of 37.34, a PEG ratio of 2.59 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating 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 business had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the business posted $1.50 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date is Friday, June 27th. Philip Morris International's payout ratio is 111.34%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on PM shares. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Stifel Nicolaus boosted 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. Morgan Stanley restated an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, Citigroup lifted their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average price target 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.