Argentarii LLC Has $896,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Argentarii LLC raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 87.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,646 shares of the company's stock after buying an additional 2,628 shares during the quarter. Argentarii LLC's holdings in Philip Morris International were worth $896,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jackson Wealth Management LLC bought a new stake in Philip Morris International in the first quarter worth approximately $513,000. McGlone Suttner Wealth Management Inc. grew its position in Philip Morris International by 10.3% in the first quarter. McGlone Suttner Wealth Management Inc. now owns 6,072 shares of the company's stock worth $964,000 after acquiring an additional 566 shares in the last quarter. Sierra Ocean LLC grew its position in Philip Morris International by 128.8% in the first quarter. Sierra Ocean LLC now owns 707 shares of the company's stock worth $112,000 after acquiring an additional 398 shares in the last quarter. Sutton Place Investors LLC bought a new stake in Philip Morris International in the first quarter worth approximately $237,000. Finally, Sharp Financial Services LLC bought a new stake in Philip Morris International in the first quarter worth approximately $299,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on PM. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Citigroup upped their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report 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, the company has an average rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Trading Down 1.3%

NYSE:PM traded down $2.40 during trading hours on Tuesday, hitting $178.80. 1,701,788 shares of the company traded hands, compared to its average volume of 5,623,694. The stock has a market capitalization of $278.31 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 2.59 and a beta of 0.51. Philip Morris International Inc. has a twelve month low of $101.62 and a twelve month high of $186.69. The firm has a 50-day moving average of $177.38 and a 200 day moving average of $155.43.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the prior year, the company posted $1.50 EPS. The business's revenue was up 5.8% on a year-over-year basis. Equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio is 111.34%.

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.