1,269 Shares in Philip Morris International Inc. (NYSE:PM) Acquired by M.E. Allison & CO. Inc.

M.E. Allison & CO. Inc. bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,269 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Lloyd Advisory Services LLC. grew its holdings in shares of Philip Morris International by 3.3% during the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company’s stock valued at $323,000 after buying an additional 64 shares in the last quarter. Omnia Family Wealth LLC boosted its position in Philip Morris International by 1.7% during the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock worth $469,000 after acquiring an additional 65 shares during the period. Sonora Investment Management Group LLC grew its stake in Philip Morris International by 0.6% during the 1st quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company’s stock valued at $1,784,000 after acquiring an additional 68 shares in the last quarter. Meridian Wealth Partners LLC increased its holdings in shares of Philip Morris International by 4.1% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after purchasing an additional 70 shares during the period. Finally, NewSquare Capital LLC increased 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 purchasing an additional 72 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE PM opened at $184.01 on Monday. The business’s 50-day simple moving average is $170.67 and its 200-day simple moving average is $149.47. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $185.55. The firm has a market cap of $286.41 billion, a price-to-earnings ratio of 40.80, a P/E/G ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter last year, the company posted $1.50 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International’s payout ratio is 111.34%.

Analysts Set New Price Targets

PM has been the topic of a number of research analyst reports. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Citigroup boosted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Stifel Nicolaus upped their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research report on Thursday, April 24th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.