Trilogy Capital Inc. Acquires 4,043 Shares of Philip Morris International Inc. (NYSE:PM)

Key Points

• Trilogy Capital Inc. increased its stake in Philip Morris International Inc. by 158.9% in Q1, owning 6,587 shares valued at approximately $1.05 million.
• Several large investors, including Pacer Advisors Inc. and Assetmark Inc., also raised their positions in the company during the same quarter, indicating growing institutional interest.
• The stock recently received upgraded price targets from notable firms such as Bank of America and UBS Group, reflecting positive analyst sentiment and a consensus "Moderate Buy" rating among investment analysts.

Trilogy Capital Inc. raised its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 158.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,587 shares of the company's stock after buying an additional 4,043 shares during the quarter. Trilogy Capital Inc.'s holdings in Philip Morris International were worth $1,046,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Capital World Investors raised its position in shares of Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after purchasing an additional 4,216,586 shares during the period. Geode Capital Management LLC raised its position in shares of Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after purchasing an additional 3,185,258 shares during the period. Wellington Management Group LLP raised its position in shares of Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after purchasing an additional 516,617 shares during the period. Franklin Resources Inc. raised its position in shares of Philip Morris International by 9.6% during the fourth quarter. Franklin Resources Inc. now owns 14,249,131 shares of the company's stock worth $1,714,883,000 after purchasing an additional 1,248,561 shares during the period. Finally, Northern Trust Corp raised its position in shares of Philip Morris International by 11.0% during the fourth quarter. Northern Trust Corp now owns 13,630,177 shares of the company's stock worth $1,640,392,000 after purchasing an additional 1,347,503 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

PM stock traded up $0.19 during mid-day trading on Wednesday, reaching $162.94. The company had a trading volume of 2,199,505 shares, compared to its average volume of 6,101,122. The stock has a 50 day simple moving average of $178.32 and a two-hundred day simple moving average of $160.97. The company has a market capitalization of $253.63 billion, a price-to-earnings ratio of 30.96, a PEG ratio of 2.30 and a beta of 0.51. Philip Morris International Inc. has a 52 week low of $113.15 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The firm had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 10.57%. The business's revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $1.59 earnings per share. On average, equities analysts predict 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 was paid on Tuesday, July 15th. Shareholders 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 3.31%. Philip Morris International's dividend payout ratio is 102.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PM shares. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Jefferies Financial Group started coverage on Philip Morris International in a research report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. Stifel Nicolaus raised their price target 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. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, Barclays dropped their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $186.27.

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.