Philip Morris International Inc. (NYSE:PM) Stake Raised by Golden State Wealth Management LLC

Golden State Wealth Management LLC raised its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 133.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,446 shares of the company’s stock after acquiring an additional 3,689 shares during the quarter. Golden State Wealth Management LLC’s holdings in Philip Morris International were worth $1,024,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new position in Philip Morris International in the 4th quarter worth about $93,000. FourThought Financial Partners LLC acquired a new position in Philip Morris International in the 4th quarter worth about $760,000. Finally, Lake Street Advisors Group LLC raised its stake in shares of Philip Morris International by 9.3% during the 4th quarter. Lake Street Advisors Group LLC now owns 8,491 shares of the company’s stock worth $1,033,000 after purchasing an additional 721 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 2.5%

Shares of NYSE:PM opened at $179.79 on Thursday. 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. The business has a 50 day moving average price of $175.25 and a 200 day moving average price of $152.07. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $1.50 earnings per share. Analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $1.35 dividend. 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 dividend payout ratio (DPR) is presently 111.34%.

Analyst Ratings Changes

PM has been the subject of several analyst reports. Bank of America lifted their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Needham & Company LLC assumed coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a “buy” rating for the company. Stifel Nicolaus upped their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Finally, Barclays reissued 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. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $176.80.

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.