Wealth Enhancement Advisory Services LLC Raises Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Wealth Enhancement Advisory Services LLC grew its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 24.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 439,082 shares of the company's stock after acquiring an additional 87,631 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Philip Morris International were worth $69,695,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Lloyd Advisory Services LLC. lifted its position in shares of Philip Morris International by 3.3% in the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after acquiring an additional 64 shares in the last quarter. Omnia Family Wealth LLC increased its stake in Philip Morris International by 1.7% in the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock valued at $469,000 after purchasing an additional 65 shares during the last quarter. Sonora Investment Management Group LLC increased its stake in Philip Morris International by 0.6% in the first quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company's stock valued at $1,784,000 after purchasing an additional 68 shares during the last quarter. Meridian Wealth Partners LLC increased its stake in Philip Morris International by 4.1% in the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock valued at $214,000 after purchasing an additional 70 shares during the last quarter. Finally, NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $182.44 on Friday. The firm has a market capitalization of $283.97 billion, a PE ratio of 37.62, a P/E/G ratio of 2.65 and a beta of 0.52. The business has a 50-day moving average of $173.25 and a two-hundred day moving average of $150.63. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted 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 negative return on equity of 122.40% and a net margin of 8.43%. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend yield of 2.96%. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a research note on Friday, May 30th. Stifel Nicolaus upped their target price on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Bank of America upped 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. Finally, Barclays reiterated an "overweight" rating and issued a $220.00 target price (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus 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.

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