Philip Morris International Inc. (NYSE:PM) Stock Position Increased by Plan Group Financial LLC

Key Points

• Plan Group Financial LLC increased its position in Philip Morris International by 45.0%, owning 18,419 shares worth approximately $2.92 million, making it the company's 26th biggest holding.
• Philip Morris International reported a net margin of 9.03% with a revenue of $10.14 billion for the quarter, slightly below analysts' expectations.
• The company announced a quarterly dividend of $1.35, with a yield of 3.3%, despite a high dividend payout ratio of 102.66%.

Plan Group Financial LLC raised its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 45.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,419 shares of the company's stock after purchasing an additional 5,715 shares during the quarter. Philip Morris International accounts for approximately 1.0% of Plan Group Financial LLC's portfolio, making the stock its 26th largest holding. Plan Group Financial LLC's holdings in Philip Morris International were worth $2,924,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Mackenzie Financial Corp grew its stake in shares of Philip Morris International by 7.3% in the first quarter. Mackenzie Financial Corp now owns 3,583,903 shares of the company's stock valued at $568,873,000 after buying an additional 242,799 shares in the last quarter. 49 Wealth Management LLC grew its stake in shares of Philip Morris International by 79.0% in the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company's stock valued at $847,000 after buying an additional 2,354 shares in the last quarter. Cortland Associates Inc. MO grew its stake in shares of Philip Morris International by 704.0% in the first quarter. Cortland Associates Inc. MO now owns 142,950 shares of the company's stock valued at $22,690,000 after buying an additional 125,171 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Philip Morris International by 24.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company's stock valued at $69,695,000 after buying an additional 87,631 shares in the last quarter. Finally, SpringVest Wealth Management LLC acquired a new stake in Philip Morris International during the 1st quarter valued at approximately $253,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 0.7%

Philip Morris International stock traded up $1.13 during mid-day trading on Thursday, hitting $168.12. 3,475,375 shares of the company's stock traded hands, compared to its average volume of 7,098,482. The firm has a 50 day moving average price of $176.50 and a 200 day moving average price of $162.84. The company has a market cap of $261.70 billion, a PE ratio of 31.96, a price-to-earnings-growth ratio of 2.43 and a beta of 0.48. Philip Morris International Inc. has a one year low of $114.94 and a one year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The firm's revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.59 EPS. On average, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's payout ratio is currently 102.66%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. UBS Group raised their price objective on Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research note on Monday, July 14th. Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price for the company. Stifel Nicolaus lifted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus target price of $186.27.

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.