Philip Morris International Inc. (NYSE:PM) Shares Purchased by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC raised its stake in Philip Morris International Inc. (NYSE:PM) by 3.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,207 shares of the company’s stock after acquiring an additional 754 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Philip Morris International were worth $3,366,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pacifica Partners Inc. lifted its holdings in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after acquiring an additional 115 shares during the period. Redmont Wealth Advisors LLC acquired a new position in Philip Morris International in the first quarter valued at approximately $35,000. Inlight Wealth Management LLC acquired a new position in Philip Morris International in the first quarter valued at approximately $38,000. Ameriflex Group Inc. acquired a new position in Philip Morris International in the fourth quarter valued at approximately $36,000. Finally, Hughes Financial Services LLC acquired a new position in Philip Morris International in the first quarter valued at approximately $46,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Citigroup boosted their price objective on Philip Morris International from $188.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, July 10th. 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. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Finally, Stifel Nicolaus boosted their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $186.73.

Philip Morris International Stock Performance

Shares of PM opened at $183.38 on Thursday. Philip Morris International Inc. has a one year low of $106.35 and a one year high of $186.69. The stock has a market capitalization of $285.43 billion, a price-to-earnings ratio of 37.81, a PEG ratio of 2.59 and a beta of 0.51. The stock has a 50 day moving average price of $178.49 and a 200 day moving average price of $157.75.

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 the consensus estimate 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 firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is currently 111.34%.

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.