Warner Financial Inc. Makes New $451,000 Investment in Philip Morris International Inc. (NYSE:PM)

Warner Financial Inc. acquired a new stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,843 shares of the company's stock, valued at approximately $451,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NewSquare Capital LLC grew its position in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares during the last quarter. Pacifica Partners Inc. boosted its stake in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after purchasing an additional 115 shares during the period. Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $36,000. Ball & Co Wealth Management Inc. purchased a new position in shares of Philip Morris International in the fourth quarter worth $36,000. Finally, Ameriflex Group Inc. bought a new stake in Philip Morris International during the 4th quarter valued at $36,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 0.1%

NYSE PM opened at $183.50 on Wednesday. The firm has a market capitalization of $285.63 billion, a PE ratio of 37.84, a P/E/G ratio of 2.66 and a beta of 0.52. The stock's 50 day moving average is $172.01 and its 200 day moving average is $150.05. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve 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 EPS for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.50 EPS. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared 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 2.94%. Philip Morris International's dividend payout ratio is currently 111.34%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PM shares. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Bank of America boosted their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Needham & Company LLC began coverage on Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating for the company. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Finally, Morgan Stanley restated an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $176.80.

About Philip Morris International

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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