Private Advisor Group LLC Acquires 1,420 Shares of Philip Morris International Inc. (NYSE:PM)

Private Advisor Group LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 84,986 shares of the company's stock after buying an additional 1,420 shares during the quarter. Private Advisor Group LLC's holdings in Philip Morris International were worth $13,490,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Perigon Wealth Management LLC lifted its holdings in Philip Morris International by 0.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after purchasing an additional 60 shares during the last quarter. TBH Global Asset Management LLC boosted its stake in shares of Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in shares of Philip Morris International by 2.1% in the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after buying an additional 63 shares during the period. Lloyd Advisory Services LLC. raised its position in Philip Morris International by 3.3% during the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after purchasing an additional 64 shares in the last quarter. Finally, Western Wealth Management LLC raised its position in Philip Morris International by 1.5% during the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 7.2%

Shares of PM traded down $13.04 during trading hours on Tuesday, reaching $167.44. 14,801,341 shares of the stock traded hands, compared to its average volume of 5,702,816. The company has a market cap of $260.62 billion, a P/E ratio of 34.53, a price-to-earnings-growth ratio of 2.56 and a beta of 0.51. Philip Morris International Inc. has a 52-week low of $106.76 and a 52-week high of $186.69. The company's 50-day moving average price is $178.83 and its two-hundred day moving average price is $159.09.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the firm posted $1.59 EPS. The business's quarterly revenue was up 7.1% on a year-over-year basis. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Bank of America increased 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. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price objective on the stock. Citigroup reiterated an "overweight" rating on shares of Philip Morris International in a research report on Tuesday. Finally, UBS Group increased their target price 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. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus target price of $186.73.

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.