TPG Financial Advisors LLC Invests $207,000 in Philip Morris International Inc. (NYSE:PM)

TPG Financial Advisors LLC acquired a new position in Philip Morris International Inc. (NYSE:PM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,303 shares of the company’s stock, valued at approximately $207,000.

Several other large investors have also recently made changes to their positions in PM. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares during the period. Pacifica Partners Inc. increased its stake in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock worth $35,000 after buying an additional 115 shares during the period. Knuff & Co LLC purchased a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Ameriflex Group Inc. purchased a new stake in Philip Morris International during the 4th quarter worth approximately $36,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.0%

Shares of PM opened at $184.01 on Friday. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $185.16. The firm’s fifty day simple moving average is $170.67 and its 200-day simple moving average is $149.22. The firm has a market capitalization of $286.41 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 2.65 and a beta of 0.52.

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

Philip Morris International Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PM shares. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Bank of America upped their target price 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. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Wall Street Zen lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Finally, Stifel Nicolaus raised their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price 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.