9,650 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by Price Capital Management Inc.

Price Capital Management Inc. bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,650 shares of the company's stock, valued at approximately $1,532,000. Philip Morris International accounts for about 3.9% of Price Capital Management Inc.'s portfolio, making the stock its 4th biggest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pacifica Partners Inc. grew its holdings in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at about $35,000. Ball & Co Wealth Management Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $36,000. Ameriflex Group Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Philip Morris International in the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of PM stock traded down $0.16 during trading hours on Friday, hitting $160.92. The stock had a trading volume of 4,541,084 shares, compared to its average volume of 5,803,806. The stock's 50 day moving average is $178.86 and its 200 day moving average is $160.14. Philip Morris International Inc. has a twelve month low of $112.43 and a twelve month high of $186.69. The firm has a market capitalization of $250.47 billion, a PE ratio of 30.59, a PEG ratio of 2.30 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The firm had revenue of $10.14 billion during the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 10.57%. Philip Morris International's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.59 earnings per share. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's payout ratio is 102.66%.

Wall Street Analysts Forecast Growth

PM has been the subject of several research analyst reports. UBS Group increased their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Bank of America lifted their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday. Citigroup reissued an "overweight" rating on shares of Philip Morris International in a research note on Tuesday. Finally, Stifel Nicolaus lifted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $186.73.

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.