1,614 Shares in Philip Morris International Inc. (NYSE:PM) Bought by TPG Advisors LLC

TPG Advisors LLC purchased a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 1,614 shares of the company's stock, valued at approximately $256,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of PM. Brighton Jones LLC raised its position in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after purchasing an additional 91 shares during the last quarter. NewEdge Wealth LLC raised its position in shares of Philip Morris International by 0.9% during the 4th quarter. NewEdge Wealth LLC now owns 59,709 shares of the company's stock worth $7,186,000 after purchasing an additional 559 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth approximately $270,000. Finally, Kovack Advisors Inc. raised its position in shares of Philip Morris International by 15.1% during the 4th quarter. Kovack Advisors Inc. now owns 8,074 shares of the company's stock worth $972,000 after purchasing an additional 1,061 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PM shares. Wall Street Zen upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Barclays reiterated an "overweight" rating and issued a $220.00 price target (up from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Finally, UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. One investment analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.80.

Philip Morris International Stock Up 0.2%

Shares of NYSE PM traded up $0.45 during trading on Friday, hitting $181.11. 7,043,892 shares of the company traded hands, compared to its average volume of 5,615,608. Philip Morris International Inc. has a 1 year low of $100.80 and a 1 year high of $186.69. The company has a 50-day moving average price of $175.96 and a 200-day moving average price of $152.97. The firm has a market capitalization of $281.90 billion, a P/E ratio of 37.34, a P/E/G ratio of 2.62 and a beta of 0.52.

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

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a dividend of $1.35 per share. 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 dividend payout ratio is presently 111.34%.

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.