Philip Morris International Inc. (NYSE:PM) Shares Bought by Sound Income Strategies LLC

Sound Income Strategies LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 132.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,726 shares of the company's stock after purchasing an additional 2,125 shares during the period. Sound Income Strategies LLC's holdings in Philip Morris International were worth $591,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Lloyd Advisory Services LLC. raised its stake in Philip Morris International by 3.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after buying an additional 64 shares during the last quarter. Omnia Family Wealth LLC lifted its stake in Philip Morris International by 1.7% in the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock worth $469,000 after purchasing an additional 65 shares in the last quarter. Sonora Investment Management Group LLC boosted its position in shares of Philip Morris International by 0.6% during the 1st quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company's stock valued at $1,784,000 after acquiring an additional 68 shares during the last quarter. Meridian Wealth Partners LLC grew its position in Philip Morris International by 4.1% in the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock worth $214,000 after acquiring an additional 70 shares in the last quarter. Finally, NewSquare Capital LLC raised its stake in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the period. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Up 0.1%

Shares of NYSE PM traded up $0.21 during mid-day trading on Tuesday, reaching $183.50. The company had a trading volume of 7,427,845 shares, compared to its average volume of 5,624,559. The firm has a 50 day simple moving average of $171.37 and a two-hundred day simple moving average of $149.82. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $186.69. The stock has a market cap of $285.63 billion, a P/E ratio of 27.19, a PEG ratio of 2.66 and a beta of 0.52.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly 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 the consensus estimate of $9.10 billion. During the same quarter last year, the business posted $1.50 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS 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 paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.94%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on PM shares. Barclays restated an "overweight" rating and issued a $220.00 price objective (up from $205.00) on shares of Philip Morris International in a report on Friday. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. Citigroup upped their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Stifel Nicolaus raised their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, Morgan Stanley restated an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $176.80.

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.