Significant Wealth Partners LLC Makes New $229,000 Investment in Philip Morris International Inc. (NYSE:PM)

Significant Wealth Partners LLC bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 1,440 shares of the company's stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GQG Partners LLC grew its position in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Philip Morris International by 19,986.5% during the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after acquiring an additional 4,464,590 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock valued at $656,303,000 after acquiring an additional 4,298,530 shares in the last quarter. Capital World Investors grew its position in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares during the period. Finally, Geode Capital Management LLC raised its stake in Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after acquiring an additional 3,185,258 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 1.0%

PM stock traded down $1.84 during midday trading on Friday, reaching $179.15. The stock had a trading volume of 1,685,751 shares, compared to its average volume of 5,621,601. The business has a fifty day simple moving average of $177.87 and a two-hundred day simple moving average of $156.13. The firm has a market cap of $278.85 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.58 and a beta of 0.51. Philip Morris International Inc. has a twelve month low of $102.75 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its 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. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter last year, the business earned $1.50 earnings per share. The company's revenue was up 5.8% compared to the same quarter last year. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.01%. Philip Morris International's dividend payout ratio is currently 111.34%.

Analysts Set New Price Targets

Several research firms have issued reports on PM. Bank of America increased their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Citigroup increased their price objective on Philip Morris International from $188.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Morgan Stanley reiterated an "overweight" rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Needham & Company LLC initiated coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating for the company. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $185.73.

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.