1,641 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by WMG Financial Advisors LLC

WMG Financial Advisors LLC bought a new position in Philip Morris International Inc. (NYSE:PM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,641 shares of the company's stock, valued at approximately $260,000.

Several other hedge funds also recently made changes to their positions in the company. Pacifica Partners Inc. boosted its position in Philip Morris International by 115.0% during the 1st 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. Redmont Wealth Advisors LLC bought a new stake in Philip Morris International during the 1st quarter valued at $35,000. Ball & Co Wealth Management Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth $36,000. Ameriflex Group Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Philip Morris International in the 1st quarter worth $38,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

PM has been the topic of a number of research reports. Citigroup reissued an "overweight" rating on shares of Philip Morris International in a research note on Tuesday. Morgan Stanley reiterated an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Needham & Company LLC restated a "buy" rating and set a $195.00 target price on shares of Philip Morris International in a research note on Wednesday. Stifel Nicolaus lifted their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $186.73.

Philip Morris International Stock Performance

PM traded down $3.63 during mid-day trading on Thursday, reaching $161.04. The stock had a trading volume of 7,199,816 shares, compared to its average volume of 6,098,521. The stock has a market capitalization of $250.66 billion, a P/E ratio of 30.62, a P/E/G ratio of 2.37 and a beta of 0.51. The firm's fifty day simple moving average is $179.21 and its two-hundred day simple moving average is $159.59. Philip Morris International Inc. has a 52 week low of $111.41 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion for the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a net margin of 10.57% and a negative return on equity of 120.86%. Philip Morris International's quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the firm earned $1.59 EPS. As a group, analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's payout ratio is 111.34%.

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.