Lakeridge Wealth Management LLC Purchases 163 Shares of Philip Morris International Inc. (NYSE:PM)

Lakeridge Wealth Management LLC boosted its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,274 shares of the company’s stock after purchasing an additional 163 shares during the period. Lakeridge Wealth Management LLC’s holdings in Philip Morris International were worth $520,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PM. NewSquare Capital LLC grew its holdings in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after acquiring an additional 72 shares in the last quarter. Pacifica Partners Inc. grew its holdings in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after acquiring an additional 115 shares in the last quarter. Knuff & Co LLC bought a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Finally, Ameriflex Group Inc. bought a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

NYSE:PM opened at $184.01 on Friday. The firm has a market cap of $286.41 billion, a price-to-earnings ratio of 40.80, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $185.16. The firm has a 50-day moving average price of $170.67 and a two-hundred day moving average price of $149.22.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the prior year, the firm earned $1.50 EPS. The company’s revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current 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 issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Analyst Ratings Changes

PM has been the subject of several analyst reports. Barclays raised their price objective on Philip Morris International from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Friday. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Morgan Stanley reiterated an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Finally, Citigroup lifted their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average 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.