New Age Alpha Advisors LLC Boosts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

New Age Alpha Advisors LLC grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 52.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,646 shares of the company's stock after purchasing an additional 4,689 shares during the period. New Age Alpha Advisors LLC's holdings in Philip Morris International were worth $2,166,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital World Investors grew its stake in shares of Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Philip Morris International by 11.0% in the 4th quarter. Northern Trust Corp now owns 13,630,177 shares of the company's stock valued at $1,640,392,000 after acquiring an additional 1,347,503 shares during the last quarter. Fayez Sarofim & Co boosted its holdings in Philip Morris International by 7.1% in the fourth quarter. Fayez Sarofim & Co now owns 10,313,383 shares of the company's stock worth $1,241,216,000 after purchasing an additional 685,431 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Philip Morris International by 22.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock valued at $1,431,527,000 after purchasing an additional 1,635,636 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its holdings in shares of Philip Morris International by 8.9% during the fourth quarter. Independent Franchise Partners LLP now owns 6,643,831 shares of the company's stock worth $799,585,000 after purchasing an additional 540,434 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Philip Morris International stock opened at $167.00 on Thursday. Philip Morris International Inc. has a 12-month low of $114.20 and a 12-month high of $186.69. The stock has a market capitalization of $259.96 billion, a PE ratio of 31.75, a price-to-earnings-growth ratio of 2.39 and a beta of 0.48. The firm has a 50 day simple moving average of $176.70 and a 200-day simple moving average of $162.53.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion for 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 firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $1.59 EPS. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio is 102.66%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Stifel Nicolaus increased their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. KGI Securities initiated coverage on Philip Morris International in a research report on Monday. They issued an "outperform" rating on the stock. Finally, Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $186.27.

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.

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