4,062 Shares in Philip Morris International Inc. (NYSE:PM) Bought by Buckingham Strategic Partners

Buckingham Strategic Partners acquired a new position in shares of Philip Morris International Inc. (NYSE:PMGet Rating) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,062 shares of the company’s stock, valued at approximately $382,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in PM. BlackRock Inc. increased its stake in Philip Morris International by 2.4% in the 4th quarter. BlackRock Inc. now owns 94,109,468 shares of the company’s stock valued at $8,940,401,000 after buying an additional 2,179,980 shares during the last quarter. State Street Corp increased its stake in Philip Morris International by 3.7% in the 4th quarter. State Street Corp now owns 56,505,116 shares of the company’s stock valued at $5,437,859,000 after buying an additional 1,992,512 shares during the last quarter. Bank of Nova Scotia increased its stake in Philip Morris International by 80.5% in the 1st quarter. Bank of Nova Scotia now owns 4,085,932 shares of the company’s stock valued at $383,833,000 after buying an additional 1,822,884 shares during the last quarter. Bank of Montreal Can increased its stake in Philip Morris International by 41.4% in the 4th quarter. Bank of Montreal Can now owns 4,137,029 shares of the company’s stock valued at $399,224,000 after buying an additional 1,212,015 shares during the last quarter. Finally, Cibc World Markets Corp increased its stake in Philip Morris International by 14.9% in the 4th quarter. Cibc World Markets Corp now owns 8,285,493 shares of the company’s stock valued at $787,122,000 after buying an additional 1,076,634 shares during the last quarter. 74.78% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of Philip Morris International stock opened at $101.72 on Wednesday. The firm has a market cap of $157.68 billion, a PE ratio of 17.48, a PEG ratio of 3.72 and a beta of 0.62. Philip Morris International Inc. has a 1 year low of $85.64 and a 1 year high of $112.48. The company has a 50 day simple moving average of $97.51 and a two-hundred day simple moving average of $99.96.

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 analysts’ consensus estimates of $1.26 by $0.22. The business had revenue of $7.83 billion for the quarter, compared to the consensus estimate of $6.76 billion. Philip Morris International had a net margin of 11.05% and a negative return on equity of 115.36%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. As a group, research analysts anticipate that Philip Morris International Inc. will post 5.95 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 4.92%. The ex-dividend date was Thursday, June 30th. Philip Morris International’s dividend payout ratio is 85.91%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Jefferies Financial Group lowered their price objective on shares of Philip Morris International from $107.00 to $99.00 in a research note on Tuesday, July 19th. Bank of America lifted their target price on shares of Philip Morris International from $107.00 to $117.00 in a report on Sunday, April 24th. Morgan Stanley lifted their target price on shares of Philip Morris International from $104.00 to $112.00 and gave the stock an “overweight” rating in a report on Friday, April 22nd. Finally, StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Tuesday, July 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus price target of $110.33.

About Philip Morris International

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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.

See Also

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

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