NBW Capital LLC Takes $236,000 Position in Philip Morris International Inc. (NYSE:PM)

Key Points

• NBW Capital LLC invested approximately $236,000 in Philip Morris International, acquiring 1,488 shares of the company during the first quarter.
• Numerous hedge funds are increasing their stakes in Philip Morris International, with 78.63% of the stock owned by institutional investors.
• Analysts have updated their price targets for Philip Morris International, with Bank of America raising its target from $182 to $200 and most analysts giving the stock a consensus rating of "Moderate Buy."

NBW Capital LLC purchased a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,488 shares of the company's stock, valued at approximately $236,000.

Other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the period. FIL Ltd lifted its holdings in shares of Philip Morris International by 52.1% during the fourth quarter. FIL Ltd now owns 394,353 shares of the company's stock worth $47,460,000 after purchasing an additional 135,007 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth about $15,513,000. Finally, DRW Securities LLC acquired a new stake in shares of Philip Morris International during the fourth quarter worth about $967,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. UBS Group lifted their target price on Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Stifel Nicolaus lifted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. 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 report on Thursday, April 24th. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $186.27.

Philip Morris International Price Performance

PM stock traded up $2.06 during trading on Friday, hitting $170.23. 3,774,105 shares of the company traded hands, compared to its average volume of 7,011,663. The stock's 50-day simple moving average is $176.29 and its 200 day simple moving average is $163.44. The company has a market cap of $264.98 billion, a PE ratio of 32.36, a P/E/G ratio of 2.48 and a beta of 0.48. Philip Morris International Inc. has a 1 year low of $115.62 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The business's revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.59 earnings per share. Research analysts expect 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International's payout ratio is 102.66%.

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.