Onyx Financial Advisors LLC Invests $251,000 in Philip Morris International Inc. (NYSE:PM)

Onyx Financial Advisors LLC bought a new position in Philip Morris International Inc. (NYSE:PM) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,582 shares of the company’s stock, valued at approximately $251,000. Philip Morris International accounts for about 0.1% of Onyx Financial Advisors LLC’s holdings, making the stock its 15th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. GQG Partners LLC raised its holdings in Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after buying an additional 6,092,558 shares in the last quarter. GAMMA Investing LLC raised its holdings in Philip Morris International by 19,986.5% during the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock valued at $712,210,000 after buying an additional 4,464,590 shares in the last quarter. Raymond James Financial Inc. bought a new position in Philip Morris International during the fourth quarter valued at about $522,214,000. Kovitz Investment Group Partners LLC raised its holdings in Philip Morris International by 372.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock valued at $656,303,000 after buying an additional 4,298,530 shares in the last quarter. Finally, Capital World Investors raised its holdings in Philip Morris International by 3.6% during 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 in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 2.5%

NYSE PM opened at $179.79 on Thursday. The stock’s 50 day moving average is $175.25 and its two-hundred day moving average is $152.07. The company has a market capitalization 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 Inc. has a 1-year low of $100.80 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. On average, analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s payout ratio is 111.34%.

Analyst Ratings Changes

A number of research firms have recently commented on PM. Morgan Stanley reiterated an “overweight” rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Barclays reiterated an “overweight” rating and issued a $220.00 price objective (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Bank of America lifted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Saturday, June 21st. Finally, Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a “buy” rating on the stock. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $176.80.

Philip Morris International 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.