Revisor Wealth Management LLC Buys Shares of 1,429 Philip Morris International Inc. (NYSE:PM)

Revisor Wealth Management LLC purchased 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 and Exchange Commission. The fund purchased 1,429 shares of the company's stock, valued at approximately $229,000.

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

Philip Morris International Stock Up 1.8%

PM stock traded up $3.09 during midday trading on Friday, reaching $179.00. The company's stock had a trading volume of 2,734,143 shares, compared to its average volume of 5,642,713. The business's 50-day simple moving average is $177.14 and its 200-day simple moving average is $154.80. Philip Morris International Inc. has a 52 week low of $101.62 and a 52 week high of $186.69. The stock has a market cap of $278.62 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 2.59 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the business posted $1.50 EPS. The firm's quarterly revenue was up 5.8% on a year-over-year basis. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PM shares. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Barclays reissued an "overweight" rating and set a $220.00 price target (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Finally, Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average target price of $176.80.

Philip Morris International 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.