U.S. Capital Wealth Advisors LLC Boosts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

U.S. Capital Wealth Advisors LLC grew its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 11.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 40,933 shares of the company's stock after buying an additional 4,223 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Philip Morris International were worth $6,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Callan Capital LLC boosted its stake in shares of Philip Morris International by 17.6% during the 1st quarter. Callan Capital LLC now owns 4,531 shares of the company's stock worth $719,000 after acquiring an additional 677 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Philip Morris International by 1.7% during the 1st quarter. TD Private Client Wealth LLC now owns 114,036 shares of the company's stock worth $18,101,000 after acquiring an additional 1,876 shares during the last quarter. Capital Advisors Inc. OK boosted its stake in shares of Philip Morris International by 3.1% during the 1st quarter. Capital Advisors Inc. OK now owns 7,126 shares of the company's stock worth $1,131,000 after acquiring an additional 216 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Philip Morris International by 3.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 5,719,832 shares of the company's stock worth $907,909,000 after acquiring an additional 181,973 shares during the last quarter. Finally, Hendley & Co. Inc. raised its position in shares of Philip Morris International by 6.1% during the 1st quarter. Hendley & Co. Inc. now owns 13,825 shares of the company's stock valued at $2,194,000 after purchasing an additional 800 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays restated an "overweight" rating and set a $220.00 target price (up previously from $205.00) on shares of Philip Morris International in a research note 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. Citigroup lifted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Finally, UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International Stock Up 1.3%

Shares of NYSE PM opened at $181.12 on Tuesday. The firm has a 50-day simple moving average of $177.38 and a 200-day simple moving average of $155.43. The stock has a market capitalization of $281.92 billion, a price-to-earnings ratio of 37.34, a price-to-earnings-growth ratio of 2.59 and a beta of 0.51. Philip Morris International Inc. has a 52 week low of $101.62 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the business earned $1.50 earnings per share. Philip Morris International's revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 2.98%. Philip Morris International's dividend payout ratio is currently 111.34%.

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.

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