CVA Family Office LLC Increases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

CVA Family Office LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,368 shares of the company’s stock after purchasing an additional 345 shares during the quarter. CVA Family Office LLC’s holdings in Philip Morris International were worth $1,328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PM. Lloyd Advisory Services LLC. increased its position in Philip Morris International by 3.3% in the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company’s stock valued at $323,000 after acquiring an additional 64 shares during the period. Omnia Family Wealth LLC increased its position in shares of Philip Morris International by 1.7% during the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock valued at $469,000 after purchasing an additional 65 shares during the period. Sonora Investment Management Group LLC increased its position in shares of Philip Morris International by 0.6% during the 1st quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company’s stock valued at $1,784,000 after purchasing an additional 68 shares during the period. Meridian Wealth Partners LLC increased its position in shares of Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after purchasing an additional 70 shares during the period. Finally, NewSquare Capital LLC increased its position in shares of 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 purchasing an additional 72 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. UBS Group upgraded 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 report on Friday, April 25th. Barclays lifted their target price on Philip Morris International from $205.00 to $220.00 and gave the stock an “overweight” rating in a report on Friday. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Finally, Stifel Nicolaus lifted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.80.

Philip Morris International Stock Down 0.0%

Shares of Philip Morris International stock opened at $184.01 on Friday. The stock has a market cap of $286.41 billion, a PE ratio of 40.80, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. The business has a fifty day simple moving average of $170.67 and a 200-day simple moving average of $149.22. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $185.16.

Philip Morris International (NYSE:PM) last issued 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. The business had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Philip Morris International’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. Analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.93%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

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.