Sutton Place Investors LLC Purchases Shares of 1,494 Philip Morris International Inc. (NYSE:PM)

Sutton Place Investors LLC purchased a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,494 shares of the company's stock, valued at approximately $237,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Pacifica Partners Inc. lifted its holdings in Philip Morris International by 115.0% in the first 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 acquired a new position in shares of Philip Morris International during the first quarter worth approximately $35,000. Knuff & Co LLC acquired a new stake in Philip Morris International in the fourth quarter worth $36,000. Ball & Co Wealth Management Inc. bought a new position in Philip Morris International in the fourth quarter valued at $36,000. Finally, Ameriflex Group Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Stifel Nicolaus boosted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Citigroup lifted their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Stock Performance

NYSE PM traded up $2.24 on Monday, reaching $181.12. The company had a trading volume of 4,652,143 shares, compared to its average volume of 5,638,756. The company's fifty day moving average is $177.38 and its 200-day moving average is $155.43. Philip Morris International Inc. has a 1-year low of $101.62 and a 1-year high of $186.69. The firm has a market capitalization of $281.92 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.59 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating 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 company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the company earned $1.50 EPS. Philip Morris International's revenue was up 5.8% compared to the same quarter last year. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 2.98%. Philip Morris International's payout ratio is currently 111.34%.

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.