1,578 Shares in Philip Morris International Inc. (NYSE:PM) Bought by SpringVest Wealth Management LLC

SpringVest Wealth Management LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,578 shares of the company's stock, valued at approximately $253,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Pacifica Partners Inc. grew its position in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in Philip Morris International during the 1st quarter worth approximately $35,000. Ball & Co Wealth Management Inc. bought a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Ameriflex Group Inc. bought a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Inlight Wealth Management LLC bought a new stake in Philip Morris International during the 1st quarter worth approximately $38,000. 78.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PM has been the topic of several research reports. Bank of America upped their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Barclays reaffirmed an "overweight" rating on shares of Philip Morris International in a report on Tuesday. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $195.00 price objective on shares of Philip Morris International in a report on Wednesday. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average target price of $186.73.

Philip Morris International Stock Performance

Shares of NYSE PM traded down $0.16 during midday trading on Friday, reaching $160.92. The company's stock had a trading volume of 4,541,084 shares, compared to its average volume of 5,803,806. The business's 50 day moving average price is $178.86 and its two-hundred day moving average price is $160.14. The company has a market cap of $250.47 billion, a P/E ratio of 30.59, a P/E/G ratio of 2.30 and a beta of 0.51. Philip Morris International Inc. has a fifty-two week low of $112.43 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 10.57% and a negative return on equity of 120.86%. The firm's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share. Sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.36%. Philip Morris International's dividend payout ratio (DPR) is 102.66%.

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.