1,880 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by North Capital Inc.

North Capital Inc. bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,880 shares of the company's stock, valued at approximately $298,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PM. GQG Partners LLC boosted its holdings in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares during the period. GAMMA Investing LLC raised its position in shares of Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after buying an additional 4,464,590 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $522,214,000. Kovitz Investment Group Partners LLC boosted its stake in shares of Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock valued at $656,303,000 after buying an additional 4,298,530 shares during the period. Finally, Capital World Investors grew its position in Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after buying an additional 4,216,586 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Up 1.8%

NYSE PM traded up $3.09 during trading on Friday, hitting $179.00. 2,734,143 shares of the company's stock were exchanged, compared to its average volume of 5,634,419. The company has a market cap of $278.62 billion, a PE ratio of 36.91, a P/E/G ratio of 2.55 and a beta of 0.51. Philip Morris International Inc. has a fifty-two week low of $100.80 and a fifty-two week high of $186.69. The stock's 50 day moving average price is $176.97 and its two-hundred day moving average price is $154.23.

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 (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. Analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on PM shares. Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Barclays restated an "overweight" rating and issued a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price target for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, Citigroup raised their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $176.80.

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.