Souders Financial Advisors Purchases 1,846 Shares of Philip Morris International Inc. (NYSE:PM)

Souders Financial Advisors lifted its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 26.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,873 shares of the company's stock after acquiring an additional 1,846 shares during the quarter. Souders Financial Advisors' holdings in Philip Morris International were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. J.W. Cole Advisors Inc. boosted its stake in shares of Philip Morris International by 540.0% during the first quarter. J.W. Cole Advisors Inc. now owns 93,602 shares of the company's stock worth $14,857,000 after buying an additional 78,977 shares during the period. WNY Asset Management LLC purchased a new position in Philip Morris International in the first quarter valued at about $200,000. IFP Advisors Inc increased its stake in shares of Philip Morris International by 19.3% during the 1st quarter. IFP Advisors Inc now owns 38,128 shares of the company's stock worth $6,052,000 after purchasing an additional 6,173 shares in the last quarter. OneAscent Financial Services LLC increased its stake in shares of Philip Morris International by 99.0% during the 1st quarter. OneAscent Financial Services LLC now owns 6,258 shares of the company's stock worth $998,000 after purchasing an additional 3,114 shares in the last quarter. Finally, Dahring Cusmano LLC purchased a new position in shares of Philip Morris International during the 1st quarter worth approximately $203,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PM shares. Needham & Company LLC reissued a "buy" rating and issued a $195.00 target price on shares of Philip Morris International in a research note on Wednesday. Barclays reiterated an "overweight" rating on shares of Philip Morris International in a report on Tuesday. UBS Group set a $181.00 price target on shares of Philip Morris International and gave the company a "neutral" rating in a report on Monday, July 14th. Bank of America boosted their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. One analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $186.73.

Philip Morris International Trading Down 0.7%

Shares of NYSE PM traded down $1.22 during midday trading on Wednesday, hitting $164.05. The company's stock had a trading volume of 4,968,206 shares, compared to its average volume of 5,719,118. The stock has a fifty day moving average price of $178.83 and a 200 day moving average price of $159.09. Philip Morris International Inc. has a one year low of $108.00 and a one year high of $186.69. The firm has a market capitalization of $255.35 billion, a price-to-earnings ratio of 33.86, a P/E/G ratio of 2.59 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. The company had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. Philip Morris International's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS. On average, equities research analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 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.