KG&L Capital Management LLC Has $823,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

KG&L Capital Management LLC increased its position in shares of Philip Morris International Inc. (NYSE:PM) by 14.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,183 shares of the company’s stock after acquiring an additional 669 shares during the quarter. KG&L Capital Management LLC’s holdings in Philip Morris International were worth $823,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. KPP Advisory Services LLC increased its holdings in shares of Philip Morris International by 11.6% in the 1st quarter. KPP Advisory Services LLC now owns 3,455 shares of the company’s stock valued at $548,000 after purchasing an additional 359 shares during the period. Oak Hill Wealth Advisors LLC increased its stake in shares of Philip Morris International by 18.4% in the first quarter. Oak Hill Wealth Advisors LLC now owns 11,325 shares of the company’s stock worth $1,798,000 after acquiring an additional 1,762 shares during the last quarter. Onyx Financial Advisors LLC purchased a new stake in shares of Philip Morris International during the first quarter worth $251,000. Western Wealth Management LLC grew its stake in Philip Morris International by 1.5% in the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company’s stock valued at $706,000 after purchasing an additional 64 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Philip Morris International by 6.3% in the first quarter. Robeco Institutional Asset Management B.V. now owns 268,416 shares of the company’s stock valued at $42,606,000 after purchasing an additional 15,866 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on PM. Needham & Company LLC initiated coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a “buy” rating for the company. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Finally, Barclays restated an “overweight” rating and set a $220.00 price target (up previously 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 given a buy rating to the company’s stock. Based on 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 Trading Down 2.5%

Shares of Philip Morris International stock opened at $179.79 on Thursday. Philip Morris International Inc. has a 1 year low of $100.80 and a 1 year high of $186.69. The company’s fifty day simple moving average is $175.25 and its 200-day simple moving average is $152.07. The company has a market cap of $279.85 billion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.67 and a beta of 0.52.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (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 company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same period last year, the business posted $1.50 EPS. The business’s quarterly revenue was up 5.8% on a year-over-year basis. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.00%. 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.