Philip Morris International Inc. (NYSE:PM) Shares Bought by Oak Hill Wealth Advisors LLC

Oak Hill Wealth Advisors LLC raised its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 18.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,325 shares of the company's stock after acquiring an additional 1,762 shares during the quarter. Oak Hill Wealth Advisors LLC's holdings in Philip Morris International were worth $1,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of PM. Perigon Wealth Management LLC raised its stake in Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after acquiring an additional 60 shares in the last quarter. Lloyd Advisory Services LLC. raised its stake in Philip Morris International by 3.3% during the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock worth $323,000 after acquiring an additional 64 shares in the last quarter. Western Wealth Management LLC increased its stake in shares of Philip Morris International by 1.5% in the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after buying an additional 64 shares in the last quarter. Omnia Family Wealth LLC increased its stake in shares of Philip Morris International by 1.7% in the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after buying an additional 65 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its stake in shares of Philip Morris International by 1.0% in the first quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company's stock valued at $1,025,000 after buying an additional 67 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PM shares. Morgan Stanley restated an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Stifel Nicolaus raised their target price on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Needham & Company LLC started coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating for the company. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, Citigroup raised their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. 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 stock presently has a consensus rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Stock Down 2.5%

Philip Morris International stock opened at $179.79 on Thursday. The stock has a market cap of $279.85 billion, a price-to-earnings ratio of 37.07, a P/E/G ratio of 2.67 and a beta of 0.52. Philip Morris International Inc. has a 12-month low of $100.80 and a 12-month high of $186.69. The business's 50-day simple moving average is $175.25 and its 200 day simple moving average is $152.07.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion during 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 company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 EPS. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.00%. Philip Morris International's payout ratio is currently 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.

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