Yeomans Consulting Group Inc. Buys Shares of 1,883 Philip Morris International Inc. (NYSE:PM)

Yeomans Consulting Group Inc. acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,883 shares of the company's stock, valued at approximately $299,000.

A number of other hedge funds also recently made changes to their positions in the stock. Pacifica Partners Inc. grew its stake in 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 acquiring an additional 115 shares during the period. Redmont Wealth Advisors LLC purchased a new position in Philip Morris International in the first quarter worth $35,000. Ball & Co Wealth Management Inc. purchased a new position in Philip Morris International in the fourth quarter worth $36,000. Ameriflex Group Inc. bought a new stake in shares of Philip Morris International in the fourth quarter valued at $36,000. Finally, Inlight Wealth Management LLC bought a new stake in shares of Philip Morris International in the first quarter valued at $38,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 0.3%

Shares of Philip Morris International stock traded down $0.53 on Friday, hitting $178.64. 710,148 shares of the company were exchanged, compared to its average volume of 5,643,687. The stock has a market capitalization of $278.06 billion, a price-to-earnings ratio of 36.82, a price-to-earnings-growth ratio of 2.63 and a beta of 0.51. The company has a 50-day moving average price of $178.64 and a 200 day moving average price of $158.16. Philip Morris International Inc. has a 1-year low of $106.76 and a 1-year high of $186.69.

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 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 negative return on equity of 122.40% and a net margin of 8.43%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 earnings per share. Research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio is presently 111.34%.

Analysts Set New Price Targets

PM has been the topic of a number of analyst reports. Citigroup boosted their price objective on Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. Bank of America increased their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Barclays increased their target price on Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Stifel Nicolaus lifted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Wall Street Zen downgraded Philip Morris International from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $186.73.

Philip Morris International Company 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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