Sowell Financial Services LLC Acquires 3,551 Shares of Philip Morris International Inc. (NYSE:PM)

Sowell Financial Services LLC boosted its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 7.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,135 shares of the company's stock after buying an additional 3,551 shares during the quarter. Sowell Financial Services LLC's holdings in Philip Morris International were worth $7,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Philip Morris International by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock valued at $16,780,688,000 after purchasing an additional 1,167,810 shares during the last quarter. Capital World Investors boosted its stake in Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. GQG Partners LLC boosted its stake in Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC boosted its stake in Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Philip Morris International by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after purchasing an additional 516,617 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Philip Morris International stock opened at $184.01 on Monday. The stock has a 50-day simple moving average of $170.67 and a 200-day simple moving average of $149.47. The company has a market capitalization of $286.41 billion, a P/E ratio of 40.80, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $185.55.

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 for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $1.50 EPS. As a group, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International's payout ratio is 111.34%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on PM shares. Morgan Stanley reissued an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Needham & Company LLC initiated coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Stifel Nicolaus lifted their target price on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus 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.

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