Philip Morris International Inc. (NYSE:PM) Shares Bought by LifeWealth Investments LLC

LifeWealth Investments LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 64.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 4,851 shares of the company's stock after buying an additional 1,901 shares during the period. LifeWealth Investments LLC's holdings in Philip Morris International were worth $770,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. NewSquare Capital LLC lifted its stake in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the period. Pacifica Partners Inc. increased its stake in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the last quarter. Knuff & Co LLC purchased a new position in Philip Morris International during the fourth quarter worth about $36,000. Ball & Co Wealth Management Inc. purchased a new position in Philip Morris International during the fourth quarter worth about $36,000. Finally, Ameriflex Group Inc. acquired a new stake in Philip Morris International in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Up 0.1%

Shares of PM stock opened at $183.50 on Wednesday. The company has a market cap of $285.63 billion, a PE ratio of 37.84, a P/E/G ratio of 2.66 and a beta of 0.52. The company's fifty day simple moving average is $172.01 and its 200-day simple moving average is $150.05. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $186.69.

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

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.94%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PM shares. Citigroup upped their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Barclays reiterated an "overweight" rating and issued a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Finally, Bank of America upped their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $176.80.

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.

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.