Prentice Wealth Management LLC Invests $239,000 in Philip Morris International Inc. (NYSE:PM)

Prentice Wealth Management LLC purchased a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,507 shares of the company's stock, valued at approximately $239,000.

Other large investors also recently bought and sold shares of the company. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Philip Morris International by 23.3% in the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company's stock valued at $6,828,000 after purchasing an additional 10,703 shares during the last quarter. Empire Life Investments Inc. raised its stake in Philip Morris International by 11.6% in the 4th quarter. Empire Life Investments Inc. now owns 94,423 shares of the company's stock valued at $11,364,000 after purchasing an additional 9,789 shares during the last quarter. Game Plan Financial Advisors LLC raised its stake in Philip Morris International by 80.9% in the 4th quarter. Game Plan Financial Advisors LLC now owns 7,660 shares of the company's stock valued at $922,000 after purchasing an additional 3,425 shares during the last quarter. Brighton Jones LLC raised its stake in Philip Morris International by 31.1% in the 4th 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 last quarter. Finally, Symmetry Investments LP acquired a new position in Philip Morris International in the 4th quarter valued at $1,966,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE PM traded down $0.09 during mid-day trading on Friday, reaching $184.01. 5,500,599 shares of the company's stock were exchanged, compared to its average volume of 5,615,900. The company's 50-day moving average is $170.67 and its 200-day moving average is $149.34. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $185.16. The firm has a market capitalization of $286.41 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the business posted $1.50 EPS. Philip Morris International's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.93%. Philip Morris International's payout ratio is presently 111.34%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Barclays raised their target price on Philip Morris International from $205.00 to $220.00 and gave the stock an "overweight" rating in a research note on Friday. Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating for the company. Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Stifel Nicolaus raised 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. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.80.

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.