Venture Visionary Partners LLC Buys 1,856 Shares of Philip Morris International Inc. $PM

Venture Visionary Partners LLC increased its stake in Philip Morris International Inc. (NYSE:PM) by 5.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,212 shares of the company’s stock after purchasing an additional 1,856 shares during the period. Venture Visionary Partners LLC’s holdings in Philip Morris International were worth $5,272,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Banco Bilbao Vizcaya Argentaria S.A. increased its position in shares of Philip Morris International by 4.1% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 33,470 shares of the company’s stock worth $5,312,000 after purchasing an additional 1,333 shares during the period. JT Stratford LLC acquired a new stake in shares of Philip Morris International during the first quarter valued at about $222,000. Berkshire Asset Management LLC PA boosted its stake in shares of Philip Morris International by 6.8% during the first quarter. Berkshire Asset Management LLC PA now owns 14,544 shares of the company’s stock valued at $2,502,000 after purchasing an additional 925 shares in the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of Philip Morris International by 5.2% during the first quarter. Legacy Financial Advisors Inc. now owns 9,293 shares of the company’s stock valued at $1,475,000 after purchasing an additional 461 shares in the last quarter. Finally, Forefront Analytics LLC acquired a new stake in Philip Morris International during the 1st quarter valued at approximately $222,000. Institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of a number of recent analyst reports. UBS Group increased their target price on shares of Philip Morris International from $170.00 to $181.00 and gave the company a “neutral” rating in a research report on Monday, July 14th. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Morgan Stanley reiterated an “overweight” rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. 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. Finally, Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday, July 9th. They issued a “buy” rating and a $220.00 target price for the company. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $186.27.

Philip Morris International Stock Up 0.1%

NYSE PM opened at $166.37 on Tuesday. The company has a market cap of $258.97 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 2.42 and a beta of 0.48. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The business has a 50 day moving average price of $174.55 and a 200-day moving average price of $165.29.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%. The firm had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter in the previous year, the company posted $1.59 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.2%. Philip Morris International’s dividend payout ratio is 102.66%.

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.