Capstone Wealth Management Group LLC Purchases New Stake in Philip Morris International Inc. (NYSE:PM)

Capstone Wealth Management Group LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,500 shares of the company’s stock, valued at approximately $238,000.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after buying an additional 2,023 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after acquiring an additional 91 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Philip Morris International by 34.9% in the 4th quarter. Fisher Asset Management LLC now owns 14,802 shares of the company’s stock valued at $1,781,000 after acquiring an additional 3,829 shares during the period. Steward Partners Investment Advisory LLC raised its position in shares of Philip Morris International by 4.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 108,956 shares of the company’s stock valued at $13,113,000 after acquiring an additional 4,719 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in Philip Morris International by 41.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,166 shares of the company’s stock valued at $380,000 after purchasing an additional 932 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the topic of several analyst reports. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Morgan Stanley reissued an “overweight” rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. Barclays reiterated an “overweight” rating and set a $220.00 price objective (up previously from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Finally, Stifel Nicolaus increased their target price 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. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $176.80.

Philip Morris International Stock Down 0.8%

Shares of PM opened at $176.03 on Thursday. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69. The stock 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 moving average of $176.79 and a 200-day moving average of $153.86.

Philip Morris International (NYSE:PM) last issued its quarterly 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. The firm had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 EPS. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business 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. This represents a $5.40 annualized dividend and a dividend yield of 3.07%. The ex-dividend date is Friday, June 27th. Philip Morris International’s payout ratio is presently 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.