1,600 Shares in Philip Morris International Inc. (NYSE:PM) Purchased by Chung Wu Investment Group LLC

Chung Wu Investment Group LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,600 shares of the company’s stock, valued at approximately $254,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC lifted its holdings in Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock valued at $2,236,000 after purchasing an additional 60 shares in the last quarter. Lloyd Advisory Services LLC. raised its position in shares of Philip Morris International by 3.3% in the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company’s stock valued at $323,000 after buying an additional 64 shares during the last quarter. Western Wealth Management LLC lifted its stake in shares of Philip Morris International by 1.5% in the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company’s stock worth $706,000 after buying an additional 64 shares in the last quarter. Omnia Family Wealth LLC boosted its position in Philip Morris International by 1.7% during the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock worth $469,000 after acquiring an additional 65 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its position in Philip Morris International by 1.0% during the first quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company’s stock worth $1,025,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of PM stock opened at $179.79 on Thursday. Philip Morris International Inc. has a fifty-two week low of $100.80 and a fifty-two week high of $186.69. The company has a 50 day moving average price of $175.25 and a 200 day moving average price of $152.07. The stock has a market capitalization of $279.85 billion, a P/E ratio of 37.07, a price-to-earnings-growth ratio of 2.67 and a beta of 0.52.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. During the same period last year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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 issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.00%. Philip Morris International’s payout ratio is 111.34%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Barclays reissued an “overweight” rating and issued a $220.00 target price (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. 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 report on Thursday, April 24th. Finally, Citigroup upped their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $176.80.

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.