Roman Butler Fullerton & Co. Takes $326,000 Position in Philip Morris International Inc. (NYSE:PM)

Roman Butler Fullerton & Co. purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,035 shares of the company's stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. Brighton Jones LLC lifted its holdings in Philip Morris International by 31.1% during the fourth 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 in the last quarter. Symmetry Investments LP purchased a new position in Philip Morris International during the fourth quarter valued at $1,966,000. Worth Asset Management LLC purchased a new position in Philip Morris International during the first quarter valued at $2,223,000. Annex Advisory Services LLC lifted its holdings in Philip Morris International by 46.6% during the first quarter. Annex Advisory Services LLC now owns 34,715 shares of the company's stock valued at $5,510,000 after purchasing an additional 11,034 shares in the last quarter. Finally, Farmers Trust Co. lifted its holdings in Philip Morris International by 21.1% during the first quarter. Farmers Trust Co. now owns 52,574 shares of the company's stock valued at $8,345,000 after purchasing an additional 9,162 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and increased their price objective for the company from $130.00 to $170.00 in a report on Friday, April 25th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Morgan Stanley restated an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, Citigroup boosted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Stock Down 0.0%

NYSE:PM traded down $0.04 on Friday, hitting $182.57. The stock had a trading volume of 10,713,275 shares, compared to its average volume of 5,649,314. The stock has a market cap of $284.18 billion, a price-to-earnings ratio of 37.64, a PEG ratio of 2.65 and a beta of 0.52. The company has a fifty day moving average price of $173.25 and a two-hundred day moving average price of $150.63. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. The company 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%. Philip Morris International's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

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.