Trust Investment Advisors Acquires Shares of 2,861 Philip Morris International Inc. (NYSE:PM)

Trust Investment Advisors bought a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,861 shares of the company's stock, valued at approximately $454,000.

A number of other institutional investors have also recently bought and sold shares of PM. Brighton Jones LLC lifted its position in Philip Morris International by 31.1% during 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% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares in the last quarter. Proficio Capital Partners LLC lifted its position in Philip Morris International by 60.4% during the fourth quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock valued at $465,000 after buying an additional 1,455 shares in the last quarter. Harbour Investments Inc. lifted its position in Philip Morris International by 5.1% during the fourth quarter. Harbour Investments Inc. now owns 12,410 shares of the company's stock valued at $1,494,000 after buying an additional 605 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in Philip Morris International by 2.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock valued at $437,000 after buying an additional 73 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded down $0.20 during trading on Friday, hitting $178.97. 1,907,137 shares of the stock were exchanged, compared to its average volume of 5,648,109. The stock's fifty day moving average is $178.64 and its 200 day moving average is $158.16. The stock has a market cap of $278.57 billion, a PE ratio of 37.01, a P/E/G ratio of 2.63 and a beta of 0.51. Philip Morris International Inc. has a 12 month low of $106.76 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced 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 firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. Philip Morris International's revenue was up 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date was Friday, June 27th. Philip Morris International's payout ratio is 111.34%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Barclays boosted their target price on shares of Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Jefferies Financial Group started coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price for the company. UBS Group set a $181.00 target price on shares of Philip Morris International and gave the company a "neutral" rating in a research note on Monday. Needham & Company LLC started coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating for the company. Finally, Citigroup boosted their target price on shares of Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $186.73.

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.