PBMares Wealth Management LLC Boosts Stock Position in Philip Morris International Inc. (NYSE:PM)

PBMares Wealth Management LLC grew its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 100.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,545 shares of the company's stock after purchasing an additional 7,295 shares during the period. PBMares Wealth Management LLC's holdings in Philip Morris International were worth $2,309,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Bluesphere Advisors LLC raised its holdings in shares of Philip Morris International by 1.6% during the first quarter. Bluesphere Advisors LLC now owns 15,509 shares of the company's stock worth $2,462,000 after purchasing an additional 247 shares during the last quarter. Chevy Chase Trust Holdings LLC grew its position in Philip Morris International by 0.4% during the 1st 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 during the period. Keystone Financial Services raised its stake in shares of Philip Morris International by 1.6% during the 1st 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 during the last quarter. Keudell Morrison Wealth Management raised its stake in shares of Philip Morris International by 6.8% during the 1st quarter. Keudell Morrison Wealth Management now owns 20,618 shares of the company's stock valued at $3,273,000 after buying an additional 1,314 shares during the last quarter. Finally, Lazari Capital Management Inc. lifted its holdings in shares of Philip Morris International by 3.2% in the 1st quarter. Lazari Capital Management Inc. now owns 2,582 shares of the company's stock valued at $410,000 after buying an additional 80 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PM. Bank of America raised their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Citigroup boosted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Barclays restated an "overweight" rating and set a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Finally, UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International Stock Performance

Shares of PM stock traded down $4.70 on Wednesday, reaching $179.79. 5,110,955 shares of the company were exchanged, compared to its average volume of 5,611,237. The company has a market cap of $279.85 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.68 and a beta of 0.52. Philip Morris International Inc. has a 1 year low of $100.80 and a 1 year high of $186.69. The business has a 50-day moving average price of $174.86 and a 200 day moving average price of $151.88.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS 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 analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. As a group, equities analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, June 27th. Philip Morris International's payout ratio is 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.