Stableford Capital II LLC Acquires 5,881 Shares of Philip Morris International Inc. (NYSE:PM)

Stableford Capital II LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 286.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,936 shares of the company's stock after buying an additional 5,881 shares during the period. Stableford Capital II LLC's holdings in Philip Morris International were worth $1,295,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Good Steward Wealth Advisors LLC bought a new stake in Philip Morris International during the first quarter valued at $856,000. Investment Research & Advisory Group Inc. boosted its stake in Philip Morris International by 6.3% during the first quarter. Investment Research & Advisory Group Inc. now owns 20,416 shares of the company's stock valued at $3,241,000 after buying an additional 1,214 shares during the period. Walter & Keenan Wealth Management LLC IN ADV boosted its stake in Philip Morris International by 3.7% during the first quarter. Walter & Keenan Wealth Management LLC IN ADV now owns 8,943 shares of the company's stock valued at $1,420,000 after buying an additional 321 shares during the period. Blue Trust Inc. boosted its stake in Philip Morris International by 2.4% during the first quarter. Blue Trust Inc. now owns 24,315 shares of the company's stock valued at $3,859,000 after buying an additional 559 shares during the period. Finally, Advisory Resource Group bought a new stake in Philip Morris International during the first quarter worth about $231,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.6%

Philip Morris International stock opened at $182.44 on Friday. The company has a market capitalization of $283.97 billion, a P/E ratio of 37.62, a PEG ratio of 2.65 and a beta of 0.52. The stock's 50 day moving average is $173.25 and its 200 day moving average is $150.63. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly 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 company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.50 EPS. As a group, 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. Investors of record on Friday, June 27th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 2.96%. Philip Morris International's payout ratio is currently 111.34%.

Analyst Ratings Changes

PM has been the subject of several research analyst reports. Barclays reaffirmed an "overweight" rating and set a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Stifel Nicolaus lifted their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Bank of America lifted their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $176.80.

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.

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