Pure Financial Advisors LLC Purchases 142 Shares of Philip Morris International Inc. (NYSE:PM)

Pure Financial Advisors LLC lifted its position in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,475 shares of the company’s stock after purchasing an additional 142 shares during the quarter. Pure Financial Advisors LLC’s holdings in Philip Morris International were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PM. BlackRock Inc. boosted its holdings in Philip Morris International by 2.4% in the fourth quarter. BlackRock Inc. now owns 94,109,468 shares of the company’s stock worth $8,940,401,000 after acquiring an additional 2,179,980 shares in the last quarter. State Street Corp boosted its holdings in Philip Morris International by 3.7% in the fourth quarter. State Street Corp now owns 56,505,116 shares of the company’s stock worth $5,437,859,000 after acquiring an additional 1,992,512 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Philip Morris International by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 27,333,383 shares of the company’s stock worth $2,590,702,000 after acquiring an additional 214,617 shares in the last quarter. Fundsmith LLP boosted its holdings in Philip Morris International by 5.5% in the fourth quarter. Fundsmith LLP now owns 20,423,427 shares of the company’s stock worth $1,940,226,000 after acquiring an additional 1,069,807 shares in the last quarter. Finally, GQG Partners LLC boosted its holdings in Philip Morris International by 1.2% in the fourth quarter. GQG Partners LLC now owns 14,402,976 shares of the company’s stock worth $1,368,162,000 after acquiring an additional 166,463 shares in the last quarter. Institutional investors own 74.78% of the company’s stock.

Philip Morris International stock opened at $99.18 on Thursday. The stock has a market cap of $153.74 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 3.45 and a beta of 0.66. Philip Morris International Inc. has a one year low of $85.64 and a one year high of $112.48. The stock has a fifty day moving average of $102.55 and a 200 day moving average of $99.87.

Philip Morris International (NYSE:PMGet Rating) last posted its quarterly earnings data on Thursday, April 21st. The company reported $1.56 EPS for the quarter, beating analysts’ consensus estimates of $1.48 by $0.08. The company had revenue of $7.75 billion during the quarter, compared to analysts’ expectations of $7.43 billion. Philip Morris International had a negative return on equity of 110.49% and a net margin of 10.97%. Philip Morris International’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 earnings per share. Equities research analysts anticipate that Philip Morris International Inc. will post 5.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 1st will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend is Thursday, June 30th. Philip Morris International’s payout ratio is 86.51%.

Several research firms have recently weighed in on PM. Bank of America boosted their price target on Philip Morris International from $107.00 to $117.00 in a research note on Sunday, April 24th. Barclays decreased their price target on Philip Morris International from $125.00 to $120.00 in a research note on Friday, February 25th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a research note on Saturday, June 18th. The Goldman Sachs Group cut Philip Morris International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $116.00 to $100.00 in a research note on Tuesday, March 22nd. Finally, Morgan Stanley boosted their price target on Philip Morris International from $104.00 to $112.00 and gave the stock an “overweight” rating in a research note on Friday, April 22nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.75.

Philip Morris International Company Profile (Get Rating)

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 that are sold in markets outside the United States.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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