Philip Morris International Inc. (NYSE:PM) Stock Holdings Boosted by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 13.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,662 shares of the company's stock after buying an additional 4,528 shares during the quarter. Philip Morris International comprises about 1.6% of 3Chopt Investment Partners LLC's portfolio, making the stock its 9th biggest holding. 3Chopt Investment Partners LLC's holdings in Philip Morris International were worth $6,189,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Perigon Wealth Management LLC boosted its position in shares of Philip Morris International by 0.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after acquiring an additional 60 shares during the last quarter. Lloyd Advisory Services LLC. boosted its position in shares of Philip Morris International by 3.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after acquiring an additional 64 shares during the last quarter. Western Wealth Management LLC boosted its position in shares of Philip Morris International by 1.5% during the 1st quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after acquiring an additional 64 shares during the last quarter. Omnia Family Wealth LLC boosted its position in shares of Philip Morris International by 1.7% during the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after acquiring an additional 65 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its position in shares of Philip Morris International by 1.0% during the 1st quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company's stock valued at $1,025,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analysts Set New Price Targets

PM has been the topic of several recent research reports. Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays reaffirmed an "overweight" rating and issued a $220.00 target price (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Bank of America upped their target price 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. Citigroup upped their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Finally, UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their target price for the company from $130.00 to $170.00 in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average target price of $176.80.

Philip Morris International Trading Up 0.2%

NYSE:PM traded up $0.45 during mid-day trading on Friday, hitting $181.11. The stock had a trading volume of 7,043,892 shares, compared to its average volume of 5,615,608. The stock has a 50-day simple moving average of $175.96 and a two-hundred day simple moving average of $152.97. The company has a market capitalization of $281.90 billion, a PE ratio of 37.34, a PEG ratio of 2.62 and a beta of 0.52. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued 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. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 earnings per share. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.98%. Philip Morris International's dividend 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.