Retirement Planning Group LLC NY bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 1,643 shares of the company's stock, valued at approximately $261,000.
Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC increased its holdings in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after buying an additional 72 shares during the last quarter. Pacifica Partners Inc. increased its holdings in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after buying an additional 115 shares during the last quarter. Knuff & Co LLC bought a new position in shares of Philip Morris International in the 4th quarter worth $36,000. Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $36,000. Finally, Ameriflex Group Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $36,000. Institutional investors own 78.63% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Morgan Stanley reissued an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Barclays reissued an "overweight" rating and issued a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Needham & Company LLC began coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating on the stock. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $176.80.
Check Out Our Latest Report on PM
Philip Morris International Stock Performance
PM stock opened at $182.57 on Friday. The firm has a market cap of $284.18 billion, a P/E ratio of 37.64, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $186.69. The firm's fifty day moving average is $173.82 and its 200 day moving average is $150.99.
Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.
About Philip Morris International
(
Free Report)
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.
Further Reading
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