Gradient Investments LLC Purchases 455 Shares of Philip Morris International Inc. (NYSE:PM)

Gradient Investments LLC raised its position in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 8.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,550 shares of the company’s stock after purchasing an additional 455 shares during the quarter. Gradient Investments LLC’s holdings in Philip Morris International were worth $521,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PM. Rockbridge Investment Management LCC boosted its position in Philip Morris International by 3.5% during the fourth quarter. Rockbridge Investment Management LCC now owns 2,835 shares of the company’s stock worth $269,000 after purchasing an additional 95 shares in the last quarter. Norwood Financial Corp increased its position in shares of Philip Morris International by 16.0% during the first quarter. Norwood Financial Corp now owns 726 shares of the company’s stock worth $68,000 after purchasing an additional 100 shares in the last quarter. Campbell Wealth Management raised its stake in Philip Morris International by 3.8% in the 1st quarter. Campbell Wealth Management now owns 2,708 shares of the company’s stock valued at $254,000 after purchasing an additional 100 shares during the last quarter. Hanson & Doremus Investment Management lifted its holdings in Philip Morris International by 9.6% in the 1st quarter. Hanson & Doremus Investment Management now owns 1,160 shares of the company’s stock valued at $109,000 after purchasing an additional 102 shares in the last quarter. Finally, Citizens Financial Group Inc RI lifted its holdings in Philip Morris International by 0.5% in the 1st quarter. Citizens Financial Group Inc RI now owns 20,990 shares of the company’s stock valued at $1,997,000 after purchasing an additional 102 shares in the last quarter. 76.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on PM shares. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Tuesday, July 26th. Jefferies Financial Group decreased their price objective on Philip Morris International from $107.00 to $99.00 in a report on Tuesday, July 19th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $109.13.

Philip Morris International Stock Up 0.4 %

NYSE PM opened at $94.04 on Friday. Philip Morris International Inc. has a 52 week low of $85.64 and a 52 week high of $112.48. The business’s fifty day simple moving average is $96.12 and its 200-day simple moving average is $98.55. The firm has a market cap of $145.78 billion, a PE ratio of 16.16, a P/E/G ratio of 3.61 and a beta of 0.62.

Philip Morris International (NYSE:PMGet Rating) last issued its quarterly earnings data on Thursday, July 21st. The company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.22. The firm had revenue of $7.83 billion for the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a net margin of 11.05% and a negative return on equity of 115.36%. Philip Morris International’s revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS. Research analysts expect that Philip Morris International Inc. will post 5.99 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 12th. Investors of record on Wednesday, September 28th will be issued a $1.27 dividend. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.25. This represents a $5.08 annualized dividend and a yield of 5.40%. The ex-dividend date of this dividend is Tuesday, September 27th. Philip Morris International’s payout ratio is 85.91%.

Philip Morris International Profile

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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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