Simon Quick Advisors LLC Purchases 2,373 Shares of Philip Morris International Inc. (NYSE:PM)

Simon Quick Advisors LLC lifted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 20.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,961 shares of the company's stock after buying an additional 2,373 shares during the quarter. Simon Quick Advisors LLC's holdings in Philip Morris International were worth $2,216,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Capital & Planning LLC grew its holdings in Philip Morris International by 7.1% during the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company's stock valued at $318,000 after purchasing an additional 173 shares during the period. Brighton Jones LLC grew its holdings in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its holdings in Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after purchasing an additional 91 shares during the period. Soltis Investment Advisors LLC grew its holdings in Philip Morris International by 9.8% during the fourth quarter. Soltis Investment Advisors LLC now owns 2,492 shares of the company's stock valued at $300,000 after purchasing an additional 222 shares during the period. Finally, Focus Financial Network Inc. grew its holdings in Philip Morris International by 7.6% during the fourth quarter. Focus Financial Network Inc. now owns 5,152 shares of the company's stock valued at $620,000 after purchasing an additional 364 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Down 0.0%

Shares of PM stock traded down $0.09 during trading on Friday, reaching $184.01. The company's stock had a trading volume of 5,500,599 shares, compared to its average volume of 5,615,900. The business has a fifty day moving average price of $170.67 and a 200-day moving average price of $149.34. The company has a market cap of $286.41 billion, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $185.16.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly 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. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the prior year, the firm posted $1.50 earnings per share. The company's quarterly revenue was up 5.8% compared to the same quarter last year. Research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 2.93%. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on PM. Barclays boosted their price objective on shares of Philip Morris International from $205.00 to $220.00 and gave the company an "overweight" rating in a report on Friday. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Finally, Stifel Nicolaus upped their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $176.80.

About Philip Morris International

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.