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

Argentarii LLC increased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 87.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,646 shares of the company's stock after acquiring 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.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC grew its position in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Philip Morris International by 60.4% in the fourth quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock valued at $465,000 after purchasing an additional 1,455 shares during the last quarter. Welch & Forbes LLC grew its position in shares of Philip Morris International by 5.7% in the fourth quarter. Welch & Forbes LLC now owns 21,861 shares of the company's stock valued at $2,631,000 after purchasing an additional 1,174 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of Philip Morris International by 69.1% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 20,884 shares of the company's stock valued at $2,542,000 after purchasing an additional 8,535 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

PM has been the topic of a number of analyst reports. Barclays reissued 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. Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Stifel Nicolaus increased their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating for the company. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Stock Performance

Shares of PM traded up $2.24 during trading hours on Monday, reaching $181.12. The stock had a trading volume of 4,652,143 shares, compared to its average volume of 5,638,756. Philip Morris International Inc. has a 12 month low of $101.62 and a 12 month high of $186.69. The stock has a market capitalization of $281.92 billion, a PE ratio of 37.34, a PEG ratio of 2.59 and a beta of 0.51. The company's 50-day moving average is $177.14 and its two-hundred day moving average is $155.03.

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 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 the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. Philip Morris International's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. Equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business 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 dividend on an annualized basis and a yield of 2.98%. Philip Morris International's 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.