Strategic Financial Concepts LLC Has $205,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Strategic Financial Concepts LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 95.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,289 shares of the company's stock after selling 28,932 shares during the period. Strategic Financial Concepts LLC's holdings in Philip Morris International were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PM. Novem Group grew its stake in Philip Morris International by 75.9% in the first quarter. Novem Group now owns 5,809 shares of the company's stock valued at $922,000 after purchasing an additional 2,506 shares in the last quarter. Weaver Consulting Group purchased a new position in Philip Morris International in the first quarter valued at about $210,000. Kanawha Capital Management LLC grew its stake in Philip Morris International by 8.0% in the first quarter. Kanawha Capital Management LLC now owns 7,984 shares of the company's stock valued at $1,267,000 after purchasing an additional 589 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in Philip Morris International by 13.8% in the first quarter. Aaron Wealth Advisors LLC now owns 8,403 shares of the company's stock valued at $1,334,000 after purchasing an additional 1,019 shares in the last quarter. Finally, FSM Wealth Advisors LLC grew its stake in Philip Morris International by 4.3% in the first quarter. FSM Wealth Advisors LLC now owns 3,637 shares of the company's stock valued at $577,000 after purchasing an additional 150 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on PM shares. Stifel Nicolaus boosted 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 on the stock. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Morgan Stanley reiterated 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. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $176.80.

Philip Morris International Stock Performance

Shares of PM traded up $3.09 during trading hours on Friday, hitting $179.00. 2,734,143 shares of the company were exchanged, compared to its average volume of 5,642,713. The firm's 50 day moving average is $177.14 and its 200-day moving average is $154.80. Philip Morris International Inc. has a 52 week low of $101.62 and a 52 week high of $186.69. The company has a market cap of $278.62 billion, a PE ratio of 36.91, a PEG ratio of 2.59 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the company earned $1.50 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid 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 yield of 3.02%. 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.