SFE Investment Counsel Takes Position in Philip Morris International Inc. (NYSE:PM)

SFE Investment Counsel acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,060 shares of the company's stock, valued at approximately $327,000.

Other large investors have also modified their holdings of the company. Brighton Jones LLC lifted its stake in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 91 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Philip Morris International by 37.4% in the fourth quarter. American Century Companies Inc. now owns 14,425 shares of the company's stock valued at $1,736,000 after purchasing an additional 3,929 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in Philip Morris International during the 4th quarter worth about $209,000. Finally, Congress Wealth Management LLC DE raised its holdings in Philip Morris International by 16.0% in the 4th quarter. Congress Wealth Management LLC DE now owns 11,875 shares of the company's stock valued at $1,429,000 after acquiring an additional 1,642 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

PM has been the subject of a number of research reports. Jefferies Financial Group started coverage on shares of Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target for the company. 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 research note on Thursday, April 24th. UBS Group set a $181.00 target price on shares of Philip Morris International and gave the stock a "neutral" rating in a report on Monday, July 14th. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Bank of America raised their price target 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. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $186.73.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $0.16 on Friday, reaching $160.92. 4,541,084 shares of the stock were exchanged, compared to its average volume of 5,803,806. The firm has a market cap of $250.47 billion, a PE ratio of 30.59, a P/E/G ratio of 2.30 and a beta of 0.51. Philip Morris International Inc. has a one year low of $112.43 and a one year high of $186.69. The firm's 50 day moving average is $178.86 and its 200-day moving average is $160.14.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for 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%. The firm's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.59 earnings per share. On average, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 102.66%.

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.