Xponance Inc. Purchases 3,630 Shares of Philip Morris International Inc. (NYSE:PM)

Xponance Inc. boosted its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 195,491 shares of the company's stock after purchasing an additional 3,630 shares during the quarter. Xponance Inc.'s holdings in Philip Morris International were worth $31,030,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PM. Brighton Jones LLC raised its position in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after buying an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares in the last quarter. Proficio Capital Partners LLC raised its position in shares of Philip Morris International by 60.4% in the 4th quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock valued at $465,000 after buying an additional 1,455 shares in the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Philip Morris International by 22.6% in the 4th quarter. Citizens Financial Group Inc. RI now owns 15,592 shares of the company's stock valued at $1,877,000 after buying an additional 2,870 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at approximately $257,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Trading Down 0.7%

PM traded down $1.26 during trading on Friday, reaching $179.73. 3,430,602 shares of the company's stock were exchanged, compared to its average volume of 5,643,398. Philip Morris International Inc. has a one year low of $104.84 and a one year high of $186.69. The stock has a market capitalization of $279.75 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.61 and a beta of 0.51. The firm has a fifty day moving average price of $178.05 and a two-hundred day moving average price of $156.75.

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 for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the firm posted $1.50 EPS. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed 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. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's dividend payout ratio is currently 111.34%.

Analyst Ratings Changes

PM has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday. Citigroup upped their price objective on shares of Philip Morris International from $188.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Bank of America upped their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Saturday. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $185.73.

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.