M3 Advisory Group LLC Takes $245,000 Position in Philip Morris International Inc. (NYSE:PM)

M3 Advisory Group LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,542 shares of the company's stock, valued at approximately $245,000.

Several other institutional investors have also recently bought and sold shares of PM. TrueMark Investments LLC lifted its holdings in Philip Morris International by 31.5% during the 1st quarter. TrueMark Investments LLC now owns 66,089 shares of the company's stock worth $10,490,000 after buying an additional 15,826 shares in the last quarter. Ridgecrest Wealth Partners LLC raised its position in shares of Philip Morris International by 4.3% during the first quarter. Ridgecrest Wealth Partners LLC now owns 4,851 shares of the company's stock worth $770,000 after acquiring an additional 200 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Philip Morris International by 14.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 254,684 shares of the company's stock valued at $40,426,000 after acquiring an additional 31,973 shares during the period. Kennedy Investment Group lifted its stake in shares of Philip Morris International by 3.1% during the first quarter. Kennedy Investment Group now owns 4,639 shares of the company's stock valued at $736,000 after acquiring an additional 138 shares during the period. Finally, MBE Wealth Management LLC bought a new position in Philip Morris International in the first quarter valued at about $219,000. Institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

PM has been the subject of several recent research reports. Morgan Stanley reissued an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Needham & Company LLC began coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. 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 research note on Thursday, April 24th. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday. Finally, UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the company from $130.00 to $170.00 in a research note on Friday, April 25th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Trading Down 0.0%

NYSE:PM opened at $182.57 on Monday. Philip Morris International Inc. has a 1 year low of $99.86 and a 1 year high of $186.69. The stock has a 50-day moving average price of $173.82 and a two-hundred day moving average price of $151.27. The stock has a market cap of $284.18 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 2.66 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the firm posted $1.50 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share 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. Stockholders of record on Friday, June 27th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Friday, June 27th. Philip Morris International's payout ratio is 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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