Lockerman Financial Group Inc. Buys Shares of 1,603 Philip Morris International Inc. (NYSE:PM)

Lockerman Financial Group Inc. acquired a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,603 shares of the company's stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PM. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares during the last quarter. Pacifica Partners Inc. grew its stake in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares in the last quarter. Ameriflex Group Inc. purchased a new position in Philip Morris International in the fourth quarter valued at about $36,000. Knuff & Co LLC acquired a new stake in shares of Philip Morris International in the fourth quarter worth about $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in shares of Philip Morris International in the fourth quarter worth about $36,000. Institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PM. Morgan Stanley reissued an "overweight" rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays boosted their price target on Philip Morris International from $205.00 to $220.00 and gave the company an "overweight" rating in a research note on Friday. Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Stifel Nicolaus upped their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Stock Performance

NYSE:PM opened at $184.01 on Friday. The stock's fifty day moving average price is $170.67 and its two-hundred day moving average price is $149.34. The company has a market cap of $286.41 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $185.16.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The company 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 firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.50 EPS. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm 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 dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International's payout ratio 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.

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