Barlow Wealth Partners Inc. Increases Stock Position in Philip Morris International Inc. (NYSE:PM)

Barlow Wealth Partners Inc. boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 15.4% in the first quarter, Holdings Channel.com reports. The firm owned 3,000 shares of the company’s stock after acquiring an additional 400 shares during the period. Barlow Wealth Partners Inc.’s holdings in Philip Morris International were worth $511,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC increased its stake in shares of Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after buying an additional 6,092,558 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock worth $712,210,000 after purchasing an additional 4,464,590 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Philip Morris International during the fourth quarter worth about $522,214,000. Kovitz Investment Group Partners LLC grew its stake in Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after purchasing an additional 4,298,530 shares in the last quarter. Finally, Capital World Investors increased its holdings in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after buying an additional 4,216,586 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $176.03 on Thursday. The firm has a market capitalization of $273.99 billion, a P/E ratio of 36.29, a P/E/G ratio of 2.57 and a beta of 0.51. The company has a 50-day simple moving average of $176.79 and a 200-day simple moving average of $153.86. Philip Morris International Inc. has a one year low of $100.80 and a one year high of $186.69.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. Philip Morris International’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Wall Street Analyst Weigh In

PM has been the subject of several research reports. Morgan Stanley reiterated an “overweight” rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Citigroup raised their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st. Bank of America raised their price target 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, Barclays reaffirmed an “overweight” rating and issued a $220.00 price target (up from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $176.80.

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.