Gutierrez Wealth Advisory LLC Has $360,000 Stake in Philip Morris International Inc. (NYSE:PM)

Gutierrez Wealth Advisory LLC lifted its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,266 shares of the company’s stock after purchasing an additional 82 shares during the period. Philip Morris International accounts for 0.3% of Gutierrez Wealth Advisory LLC’s holdings, making the stock its 29th biggest position. Gutierrez Wealth Advisory LLC’s holdings in Philip Morris International were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in 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 purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC increased its holdings in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Philip Morris International by 34.9% in the 4th quarter. Fisher Asset Management LLC now owns 14,802 shares of the company’s stock valued at $1,781,000 after buying an additional 3,829 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Philip Morris International by 4.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 108,956 shares of the company’s stock worth $13,113,000 after buying an additional 4,719 shares during the period. Finally, Commerzbank Aktiengesellschaft FI increased its position in shares of Philip Morris International by 41.7% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 3,166 shares of the company’s stock worth $380,000 after buying an additional 932 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $176.03 on Thursday. The stock has a market cap of $273.99 billion, a price-to-earnings ratio of 36.29, a PEG ratio of 2.57 and a beta of 0.51. Philip Morris International Inc. has a 1 year low of $100.80 and a 1 year high of $186.69. The firm’s 50-day moving average is $176.79 and its 200 day moving average is $153.86.

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

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.07%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on PM shares. Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They set a “buy” rating on the stock. Barclays restated an “overweight” rating and issued a $220.00 target price (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Citigroup boosted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Finally, Bank of America raised their target price 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. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.