TFR Capital LLC. acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,680 shares of the company's stock, valued at approximately $425,000.
Several other large investors also recently modified their holdings of PM. Pacifica Partners Inc. grew its stake in shares of Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares in the last quarter. Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International in the first quarter valued at about $35,000. Ball & Co Wealth Management Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at about $36,000. Ameriflex Group Inc. acquired a new position in shares of Philip Morris International in the fourth quarter valued at about $36,000. Finally, Inlight Wealth Management LLC acquired a new position in shares of Philip Morris International in the first quarter valued at about $38,000. 78.63% of the stock is owned by institutional investors.
Philip Morris International Stock Down 0.7%
Shares of Philip Morris International stock opened at $179.73 on Friday. The firm's 50-day moving average price is $178.05 and its two-hundred day moving average price is $156.75. Philip Morris International Inc. has a 12-month low of $104.84 and a 12-month high of $186.69. The company has a market capitalization of $279.75 billion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.61 and a beta of 0.51.
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, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the company posted $1.50 EPS. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.
Philip Morris International Dividend Announcement
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 $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.00%. Philip Morris International's payout ratio is currently 111.34%.
Wall Street Analyst Weigh In
Several equities analysts recently commented on PM shares. UBS Group upgraded 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 research note on Friday, April 25th. Needham & Company LLC started coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Morgan Stanley restated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Barclays increased their price objective on shares of Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $185.73.
View Our Latest Analysis on Philip Morris International
About Philip Morris International
(
Free Report)
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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