Advisor Resource Council Makes New Investment in Philip Morris International Inc. (NYSE:PM)

Advisor Resource Council purchased a new stake in Philip Morris International Inc. (NYSE:PM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,359 shares of the company’s stock, valued at approximately $1,094,000.

A number of other large investors have also recently modified their holdings of the business. NewSquare Capital LLC lifted its position in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Pacifica Partners Inc. raised its position in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 115 shares in the last quarter. Knuff & Co LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $36,000. Ball & Co Wealth Management Inc. purchased a new position in Philip Morris International in the fourth quarter worth $36,000. Finally, Ameriflex Group Inc. bought a new position in Philip Morris International in the fourth quarter valued at $36,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.0%

Shares of NYSE:PM opened at $182.57 on Friday. The company has a 50-day moving average price of $173.82 and a 200-day moving average price of $151.14. The company has a market cap of $284.18 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 2.66 and a beta of 0.52. Philip Morris International Inc. has a 12 month low of $99.86 and a 12 month high of $186.69.

Philip Morris International (NYSE:PM) last released 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 negative return on equity of 122.40% and a net margin of 8.43%. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the company posted $1.50 EPS. Philip Morris International’s quarterly revenue was up 5.8% compared to the same quarter last year. As a group, research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s dividend payout ratio is currently 111.34%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PM. Stifel Nicolaus lifted 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. Needham & Company LLC initiated coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a “buy” rating for the company. Barclays reaffirmed 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. Citigroup lifted 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, Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $176.80.

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.