Philip Morris International Inc. (NYSE:PM) Stock Position Raised by IFM Investors Pty Ltd

IFM Investors Pty Ltd boosted its stake in Philip Morris International Inc. (NYSE:PM) by 9.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 251,741 shares of the company’s stock after purchasing an additional 21,073 shares during the period. IFM Investors Pty Ltd’s holdings in Philip Morris International were worth $39,959,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewSquare Capital LLC grew its position in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after buying an additional 72 shares in the last quarter. Pacifica Partners Inc. raised its position in shares of Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock worth $35,000 after purchasing an additional 115 shares during the period. Redmont Wealth Advisors LLC purchased a new stake in Philip Morris International during the first quarter valued at about $35,000. Knuff & Co LLC acquired a new position in Philip Morris International in the 4th quarter worth approximately $36,000. Finally, Ball & Co Wealth Management Inc. purchased a new position in shares of Philip Morris International during the fourth quarter valued at $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PM has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Bank of America boosted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Barclays restated an “overweight” rating and set a $220.00 target price (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Finally, Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $176.80.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $179.00 on Friday. The business’s fifty day moving average price is $176.97 and its two-hundred day moving average price is $154.23. Philip Morris International Inc. has a fifty-two week low of $100.80 and a fifty-two week high of $186.69. The stock has a market capitalization of $278.62 billion, a price-to-earnings ratio of 36.91, a price-to-earnings-growth ratio of 2.55 and a beta of 0.51.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.50 EPS. Research analysts expect that Philip Morris International Inc. will post 7.14 EPS 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. Stockholders of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is currently 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.