Crewe Advisors LLC Makes New $222,000 Investment in Philip Morris International Inc. (NYSE:PM)

Crewe Advisors LLC acquired a new position in shares of Philip Morris International Inc. (NYSE:PM) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,424 shares of the company’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kessler Investment Group LLC acquired a new stake in shares of Philip Morris International during the first quarter worth $25,000. Boyd Watterson Asset Management LLC OH grew its holdings in shares of Philip Morris International by 250.0% during the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock worth $30,000 after purchasing an additional 230 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Philip Morris International during the fourth quarter worth about $33,000. Northwest Financial Advisors bought a new stake in Philip Morris International in the fourth quarter valued at approximately $33,000. Finally, Ables Iannone Moore & Associates Inc. bought a new stake in Philip Morris International in the fourth quarter valued at approximately $38,000. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PM. Bank of America upped their target price on Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price target on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday. Stifel Nicolaus upped their target price on Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their target price on Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $107.80.

Philip Morris International Stock Performance

NYSE PM traded up $1.78 during trading hours on Thursday, hitting $113.22. The company had a trading volume of 6,976,542 shares, compared to its average volume of 5,380,301. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $113.68. The firm has a 50 day simple moving average of $102.99 and a 200 day simple moving average of $96.40. The firm has a market capitalization of $176.01 billion, a price-to-earnings ratio of 22.11, a PEG ratio of 2.23 and a beta of 0.58.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, topping the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 111.24% and a net margin of 8.58%. The business had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter last year, the company earned $1.60 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. On average, research analysts forecast that Philip Morris International Inc. will post 6.37 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were issued a $1.30 dividend. The ex-dividend date was Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 4.59%. Philip Morris International’s payout ratio is currently 101.56%.

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.