Greenleaf Trust Purchases 1,645 Shares of Philip Morris International Inc. (NYSE:PM)

Greenleaf Trust boosted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,116 shares of the company's stock after acquiring an additional 1,645 shares during the period. Greenleaf Trust's holdings in Philip Morris International were worth $5,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 49 Wealth Management LLC boosted its stake in shares of Philip Morris International by 79.0% during the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after purchasing an additional 2,354 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in Philip Morris International by 24.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock worth $69,695,000 after buying an additional 87,631 shares during the period. Brighton Jones LLC grew its stake in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the period. Symmetry Investments LP acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $1,966,000. Finally, Worth Asset Management LLC purchased a new position in shares of Philip Morris International during the 1st quarter valued at approximately $2,223,000. Institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley restated an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday. They set a "buy" rating and a $220.00 price objective for the company. Stifel Nicolaus boosted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Finally, Barclays boosted their target price on Philip Morris International from $220.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday. One research analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $185.73.

Philip Morris International Trading Down 0.7%

NYSE PM traded down $1.26 on Friday, reaching $179.73. The stock had a trading volume of 3,430,602 shares, compared to its average volume of 5,628,288. The company has a market capitalization of $279.75 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 2.58 and a beta of 0.51. The business has a 50 day moving average price of $177.87 and a 200 day moving average price of $156.13. Philip Morris International Inc. has a 1 year low of $102.75 and a 1 year high of $186.69.

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. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.00%. Philip Morris International's dividend payout ratio is 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.