Klein Pavlis & Peasley Financial Inc. Has $4.97 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Key Points

• Klein Pavlis & Peasley Financial Inc. increased its stake in Philip Morris International by 6.3% during Q1, now owning 31,410 shares valued at approximately $4.97 million.
• Philip Morris International recently declared a quarterly dividend of $1.35 per share, yielding 3.3%, with a payout ratio of 102.66%.
• Analysts have a consensus rating of "Moderate Buy" for Philip Morris International, with price targets ranging from $190 to $220.

Klein Pavlis & Peasley Financial Inc. grew its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,410 shares of the company's stock after acquiring an additional 1,868 shares during the quarter. Philip Morris International comprises 3.6% of Klein Pavlis & Peasley Financial Inc.'s portfolio, making the stock its 4th biggest position. Klein Pavlis & Peasley Financial Inc.'s holdings in Philip Morris International were worth $4,966,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mackenzie Financial Corp raised its position in shares of Philip Morris International by 7.3% during the 1st quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock worth $568,873,000 after purchasing an additional 242,799 shares during the period. 49 Wealth Management LLC increased its position in Philip Morris International by 79.0% in the 1st quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after acquiring an additional 2,354 shares during the period. Cortland Associates Inc. MO increased its position in Philip Morris International by 704.0% in the 1st quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock valued at $22,690,000 after acquiring an additional 125,171 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in Philip Morris International by 24.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after acquiring an additional 87,631 shares during the period. Finally, SpringVest Wealth Management LLC acquired a new stake in Philip Morris International in the 1st quarter valued at approximately $253,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

NYSE:PM traded down $1.09 during mid-day trading on Friday, hitting $162.96. The stock had a trading volume of 7,552,974 shares, compared to its average volume of 6,943,793. Philip Morris International Inc. has a twelve month low of $113.15 and a twelve month high of $186.69. The stock has a market cap of $253.66 billion, a price-to-earnings ratio of 30.98, a PEG ratio of 2.37 and a beta of 0.48. The company's 50 day simple moving average is $177.55 and its 200 day simple moving average is $162.20.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. Philip Morris International's dividend payout ratio (DPR) is currently 102.66%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Bank of America raised their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Citigroup reiterated an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective for the company. Barclays cut their price objective on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $186.27.

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.