Lountzis Asset Management LLC Makes New Investment in Philip Morris International Inc. (NYSE:PM)

Lountzis Asset Management LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,522 shares of the company's stock, valued at approximately $257,000.

Several other institutional investors have also recently made changes to their positions in the company. Pacifica Partners Inc. increased its holdings in Philip Morris International by 115.0% in 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 purchased a new stake in Philip Morris International in the 1st quarter worth $35,000. Inlight Wealth Management LLC purchased a new stake in Philip Morris International in the 1st quarter worth $38,000. Ameriflex Group Inc. purchased a new stake in Philip Morris International in the 4th quarter worth $36,000. Finally, Knuff & Co LLC purchased a new stake in Philip Morris International in the 4th quarter worth $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of PM stock traded up $2.87 on Thursday, hitting $180.85. 5,208,523 shares of the stock traded hands, compared to its average volume of 5,637,079. The firm's 50-day moving average price is $177.65 and its two-hundred day moving average price is $155.73. The stock has a market capitalization of $281.50 billion, a PE ratio of 37.29, a PEG ratio of 2.58 and a beta of 0.51. Philip Morris International Inc. has a twelve month low of $102.75 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly 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. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 2.99%. Philip Morris International's payout ratio is currently 111.34%.

Analyst Ratings Changes

Several equities research analysts recently commented on PM shares. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a 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. Barclays upped their target price on shares of Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their target price for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Finally, Needham & Company LLC initiated coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating for the company. One research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $185.73.

Philip Morris International 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.