Philip Morris International Inc. (NYSE:PM) Shares Acquired by Argentarii LLC

Argentarii LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 87.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,646 shares of the company's stock after buying an additional 2,628 shares during the period. Argentarii LLC's holdings in Philip Morris International were worth $896,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of PM. GQG Partners LLC lifted its holdings in Philip Morris International by 14.3% during the fourth 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 in the last quarter. GAMMA Investing LLC lifted its stake in Philip Morris International by 19,986.5% in the 1st 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. Kovitz Investment Group Partners LLC boosted its holdings in Philip Morris International by 372.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after buying an additional 4,298,530 shares during the last quarter. Capital World Investors increased its stake in Philip Morris International by 3.6% during the 4th 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. Finally, Geode Capital Management LLC raised its holdings in shares of Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after acquiring an additional 3,185,258 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PM shares. Bank of America lifted their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. 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 note on Thursday, April 24th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and increased their target price for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Barclays reissued an "overweight" rating and issued a $220.00 price target (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. 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. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $3.09 during mid-day trading on Friday, reaching $179.00. 2,734,143 shares of the company's stock were exchanged, compared to its average volume of 5,642,713. The firm has a market capitalization of $278.61 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.59 and a beta of 0.51. Philip Morris International Inc. has a 52-week low of $101.62 and a 52-week high of $186.69. The company's 50-day moving average is $177.14 and its 200-day moving average is $154.80.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the business posted $1.50 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

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 $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.02%. Philip Morris International's dividend payout ratio is presently 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.