West Branch Capital LLC boosted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 437.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,265 shares of the company's stock after purchasing an additional 2,658 shares during the quarter. West Branch Capital LLC's holdings in Philip Morris International were worth $518,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of PM. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Pacifica Partners Inc. lifted its holdings in shares of Philip Morris International by 115.0% in 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 in the last quarter. Knuff & Co LLC bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $36,000. Ball & Co Wealth Management Inc. purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. bought a new stake in Philip Morris International during the fourth quarter worth $36,000. Institutional investors own 78.63% of the company's stock.
Philip Morris International Price Performance
Shares of NYSE PM traded down $0.09 during trading on Friday, reaching $184.01. 5,500,599 shares of the stock traded hands, compared to its average volume of 5,616,010. The stock has a market capitalization of $286.41 billion, a P/E ratio of 40.80, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $185.16. The company has a 50-day moving average of $170.67 and a 200-day moving average of $149.22.
Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 earnings per share. Analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal 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 issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.93%. Philip Morris International's payout ratio is currently 111.34%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on PM. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $176.80.
Get Our Latest Stock Report on PM
Philip Morris International Profile
(
Free Report)
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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