GAMMA Investing LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 26.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,268 shares of the company’s stock after buying an additional 5,930 shares during the quarter. GAMMA Investing LLC’s holdings in Philip Morris International were worth $4,487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently modified their holdings of PM. NewSquare Capital LLC boosted its position in Philip Morris International by 53.7% during 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. raised its position in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock worth $35,000 after acquiring an additional 115 shares in the last quarter. Knuff & Co LLC bought a new position in shares of Philip Morris International in the 4th quarter worth approximately $36,000. Ball & Co Wealth Management Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Stifel Nicolaus upped their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Needham & Company LLC initiated coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They set a “buy” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays reissued an “overweight” rating and set a $220.00 price target (up from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Finally, UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $176.80.
Philip Morris International Price Performance
PM opened at $181.11 on Friday. The firm has a market cap of $281.90 billion, a PE ratio of 37.34, a P/E/G ratio of 2.62 and a beta of 0.52. The stock has a 50-day moving average price of $175.96 and a 200-day moving average price of $152.79. Philip Morris International Inc. has a 1 year low of $100.80 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. Philip Morris International’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.
Philip Morris International Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is currently 111.34%.
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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