Philip Morris International Inc. (NYSE:PM) Shares Bought by Alpha Omega Wealth Management LLC

Alpha Omega Wealth Management LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 21.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,237 shares of the company's stock after purchasing an additional 1,452 shares during the quarter. Alpha Omega Wealth Management LLC's holdings in Philip Morris International were worth $1,307,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GQG Partners LLC increased its position in shares of Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after buying an additional 6,092,558 shares in the last quarter. GAMMA Investing LLC increased 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. purchased a new position in shares of Philip Morris International in the fourth quarter valued at $522,214,000. Kovitz Investment Group Partners LLC increased its position 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 in the last quarter. Finally, Capital World Investors increased its position in shares of Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after buying an additional 4,216,586 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

NYSE:PM traded down $0.09 during mid-day trading on Friday, reaching $184.01. The company's stock had a trading volume of 5,500,599 shares, compared to its average volume of 5,615,900. The company's fifty day simple moving average is $170.67 and its two-hundred day simple moving average is $149.34. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $185.16. The stock has a market cap of $286.41 billion, a P/E ratio of 40.80, a P/E/G ratio of 2.65 and a beta of 0.52.

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 the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the business posted $1.50 EPS. The company's revenue was up 5.8% on a year-over-year basis. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 yield of 2.93%. Philip Morris International's dividend payout ratio is presently 111.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays raised their price target on Philip Morris International from $205.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday. Bank of America raised their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.80.

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.