Yukon Wealth Management Inc. Purchases Shares of 3,656 Philip Morris International Inc. (NYSE:PM)

Yukon Wealth Management Inc. acquired a new stake in Philip Morris International Inc. (NYSE:PM - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,656 shares of the company's stock, valued at approximately $580,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewSquare Capital LLC increased its position in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares in the last quarter. Pacifica Partners Inc. increased its position in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares in the last quarter. Knuff & Co LLC purchased a new stake in Philip Morris International in the 4th quarter valued at $36,000. Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. purchased a new stake in Philip Morris International in the 4th quarter valued at $36,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $3.09 during trading hours on Thursday, hitting $179.00. The company's stock had a trading volume of 2,734,143 shares, compared to its average volume of 5,634,419. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69. The firm has a fifty day moving average of $176.97 and a 200-day moving average of $154.23. The stock has a market cap of $278.62 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.55 and a beta of 0.51.

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, topping the consensus estimate 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 firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the company earned $1.50 EPS. Philip Morris International's revenue was up 5.8% on a year-over-year basis. On average, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.02%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's payout ratio is 111.34%.

Wall Street Analyst Weigh In

PM has been the subject of several analyst reports. 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 report on Thursday, April 24th. Needham & Company LLC assumed coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a "buy" rating on the stock. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.