2,311 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Oxbow Advisors LLC

Oxbow Advisors LLC acquired a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,311 shares of the company's stock, valued at approximately $367,000.

Other hedge funds also recently modified their holdings of the company. Pacifica Partners Inc. increased its position in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after buying an additional 115 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the first quarter valued at $35,000. Inlight Wealth Management LLC acquired a new position in shares of Philip Morris International during the first quarter worth approximately $38,000. Ameriflex Group Inc. bought a new stake in shares of Philip Morris International during the fourth quarter worth $36,000. Finally, Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group started coverage on shares of Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price on the stock. Morgan Stanley restated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Barclays upped their price objective on Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Citigroup increased their price target on Philip Morris International from $188.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $186.73.

Philip Morris International Trading Down 0.2%

Shares of NYSE PM traded down $0.30 on Tuesday, reaching $180.45. 1,946,794 shares of the company traded hands, compared to its average volume of 5,629,025. The stock has a market capitalization of $280.88 billion, a PE ratio of 37.22, a P/E/G ratio of 2.60 and a beta of 0.51. Philip Morris International Inc. has a fifty-two week low of $104.84 and a fifty-two week high of $186.69. The company has a 50 day moving average of $178.20 and a 200 day moving average of $157.41.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The business 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 8.43% and a negative return on equity of 122.40%. The business's revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.50 EPS. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 2.99%. Philip Morris International's dividend payout ratio is currently 111.34%.

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.