Philip Morris International Inc. (NYSE:PM) Shares Bought by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC raised its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 95.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,709 shares of the company's stock after purchasing an additional 2,790 shares during the quarter. Moody Aldrich Partners LLC's holdings in Philip Morris International were worth $906,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PM. NewSquare Capital LLC raised its holdings in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Pacifica Partners Inc. boosted its holdings 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. Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International during the 1st quarter worth about $35,000. Knuff & Co LLC purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently commented on the company. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and raised their target price for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Citigroup upped their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Bank of America raised their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Barclays reissued an "overweight" rating and set a $220.00 target price (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $176.80.

Philip Morris International Stock Up 1.8%

PM opened at $179.00 on Friday. The company has a market cap of $278.62 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.55 and a beta of 0.51. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69. The company has a 50-day moving average price of $176.97 and a 200 day moving average price of $154.23.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS 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 analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 earnings per share. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 3.02%. Philip Morris International's payout ratio is currently 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.

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