1,423 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Pacific Sage Partners LLC

Pacific Sage Partners LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,423 shares of the company's stock, valued at approximately $226,000.

A number of other large investors have also made changes to their positions in the stock. PBMares Wealth Management LLC grew its holdings in shares of Philip Morris International by 100.6% in the 1st quarter. PBMares Wealth Management LLC now owns 14,545 shares of the company's stock worth $2,309,000 after purchasing an additional 7,295 shares during the last quarter. Bluesphere Advisors LLC raised its position in Philip Morris International by 1.6% in the 1st quarter. Bluesphere Advisors LLC now owns 15,509 shares of the company's stock valued at $2,462,000 after purchasing an additional 247 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its stake in Philip Morris International by 0.4% in the first quarter. Chevy Chase Trust Holdings LLC now owns 822,494 shares of the company's stock worth $130,554,000 after purchasing an additional 2,928 shares in the last quarter. Keystone Financial Services increased its stake in shares of Philip Morris International by 1.6% in the first quarter. Keystone Financial Services now owns 10,956 shares of the company's stock valued at $1,739,000 after buying an additional 173 shares in the last quarter. Finally, Keudell Morrison Wealth Management grew its holdings in Philip Morris International by 6.8% during the 1st quarter. Keudell Morrison Wealth Management now owns 20,618 shares of the company's stock worth $3,273,000 after acquiring an additional 1,314 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

PM has been the topic of a number of research reports. Morgan Stanley reiterated an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays reissued an "overweight" rating and set a $220.00 price objective (up from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Needham & Company LLC initiated coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Finally, UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $130.00 to $170.00 in a report on Friday, April 25th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Price Performance

Shares of PM traded down $4.70 during midday trading on Wednesday, hitting $179.79. The stock had a trading volume of 5,110,955 shares, compared to its average volume of 5,611,237. The firm has a market cap of $279.85 billion, a price-to-earnings ratio of 37.07, a price-to-earnings-growth ratio of 2.68 and a beta of 0.52. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69. The company has a 50 day simple moving average of $174.86 and a two-hundred day simple moving average of $151.88.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $1.50 earnings per share. Analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.00%. Philip Morris International's dividend payout ratio is 111.34%.

About Philip Morris International

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.