Mirador Capital Partners LP Purchases New Position in Philip Morris International Inc. (NYSE:PM)

Mirador Capital Partners LP bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,401 shares of the company's stock, valued at approximately $222,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. NewSquare Capital LLC increased its stake in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Pacifica Partners Inc. increased its holdings in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the period. Ameriflex Group Inc. bought a new position in shares of Philip Morris International in the fourth quarter worth $36,000. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter valued at about $33,000. Finally, Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday. Barclays increased their price objective on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Citigroup upped 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus target price of $169.20.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company's stock.

Philip Morris International Stock Performance

Shares of PM stock traded down $0.33 during trading hours on Tuesday, reaching $182.42. The company had a trading volume of 4,940,187 shares, compared to its average volume of 5,620,079. The firm has a market cap of $283.94 billion, a PE ratio of 40.45, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The business has a fifty day moving average price of $165.83 and a 200-day moving average price of $146.27. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $183.74.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. Equities research analysts forecast 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 was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

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.