Philip Morris International Inc. (NYSE:PM) Shares Purchased by Atria Investments Inc

Atria Investments Inc raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 24.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 168,408 shares of the company's stock after buying an additional 33,522 shares during the quarter. Atria Investments Inc's holdings in Philip Morris International were worth $26,731,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of PM. Pacifica Partners Inc. increased its stake in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Philip Morris International in the 1st quarter valued at $35,000. Ball & Co Wealth Management Inc. acquired a new position in Philip Morris International in the 4th quarter valued at $36,000. Ameriflex Group Inc. acquired a new position in Philip Morris International in the 4th quarter valued at $36,000. Finally, Inlight Wealth Management LLC acquired a new position in Philip Morris International in the 1st quarter valued at $38,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

NYSE:PM traded down $0.16 on Friday, reaching $160.92. The stock had a trading volume of 4,541,084 shares, compared to its average volume of 5,803,806. The company has a market cap of $250.47 billion, a price-to-earnings ratio of 30.59, a P/E/G ratio of 2.30 and a beta of 0.51. The firm's fifty day moving average is $178.86 and its two-hundred day moving average is $160.14. Philip Morris International Inc. has a 12-month low of $112.43 and a 12-month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 10.57% and a negative return on equity of 120.86%. The firm's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.59 EPS. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.36%. Philip Morris International's dividend payout ratio is presently 102.66%.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target 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. Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a research note on Wednesday. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price target (up 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 twelve have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $186.73.

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.