TrueMark Investments LLC Raises Stake in Philip Morris International Inc. (NYSE:PM)

TrueMark Investments LLC boosted its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 31.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,089 shares of the company's stock after acquiring an additional 15,826 shares during the period. Philip Morris International makes up approximately 2.7% of TrueMark Investments LLC's investment portfolio, making the stock its 5th largest holding. TrueMark Investments LLC's holdings in Philip Morris International were worth $10,490,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its stake in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after acquiring an additional 91 shares in the last quarter. Navellier & Associates Inc. boosted its stake in Philip Morris International by 63.7% in the 4th quarter. Navellier & Associates Inc. now owns 5,335 shares of the company's stock worth $642,000 after purchasing an additional 2,075 shares during the period. Callan Capital LLC increased its holdings in Philip Morris International by 6.8% during the 4th quarter. Callan Capital LLC now owns 3,854 shares of the company's stock worth $464,000 after purchasing an additional 246 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in Philip Morris International by 1.3% during the 4th quarter. First Horizon Advisors Inc. now owns 217,583 shares of the company's stock worth $26,186,000 after purchasing an additional 2,849 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

NYSE PM traded up $1.89 on Monday, hitting $185.18. 4,301,537 shares of the stock were exchanged, compared to its average volume of 5,626,429. The company has a market capitalization of $288.24 billion, a PE ratio of 38.18, a P/E/G ratio of 2.66 and a beta of 0.52. The business's fifty day moving average is $173.82 and its 200 day moving average is $151.27. Philip Morris International Inc. has a 52 week low of $99.86 and a 52 week high of $186.69.

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

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.92%. Philip Morris International's payout ratio is 111.34%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PM shares. 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. Bank of America boosted their target price on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Needham & Company LLC started coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Finally, Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $176.80.

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.