Significant Wealth Partners LLC Acquires New Holdings 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 disclosure with the SEC. The institutional investor bought 1,440 shares of the company's stock, valued at approximately $229,000.

Several other hedge funds have also bought and sold shares of the company. Pacifica Partners Inc. grew its stake in Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in shares of Philip Morris International during the first quarter worth approximately $35,000. Knuff & Co LLC acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International during the fourth quarter worth approximately $36,000. Finally, Ameriflex Group Inc. acquired a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.6%

Shares of PM traded up $2.87 during midday trading on Thursday, hitting $180.85. The company's stock had a trading volume of 5,208,523 shares, compared to its average volume of 5,637,079. Philip Morris International Inc. has a one year low of $102.75 and a one year high of $186.69. The stock has a market capitalization of $281.50 billion, a price-to-earnings ratio of 37.29, a price-to-earnings-growth ratio of 2.58 and a beta of 0.51. The company's fifty day simple moving average is $177.65 and its two-hundred day simple moving average is $155.73.

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

Philip Morris International Announces Dividend

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 issued 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 2.99%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Needham & Company LLC started coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Jefferies Financial Group initiated coverage on shares of Philip Morris International in a research note on Wednesday. They issued a "buy" rating and a $220.00 price objective for the company. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $130.00 to $170.00 in a report on Friday, April 25th. Finally, Stifel Nicolaus raised their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has an average rating of "Moderate Buy" and a consensus target price of $185.73.

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.