Philip Morris International Inc. (NYSE:PM) Stock Position Raised by Accel Wealth Management

Accel Wealth Management raised its stake in Philip Morris International Inc. (NYSE:PM) by 11.5% in the first quarter, HoldingsChannel.com reports. The fund owned 2,411 shares of the company’s stock after buying an additional 248 shares during the quarter. Accel Wealth Management’s holdings in Philip Morris International were worth $221,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Uncommon Cents Investing LLC boosted its holdings in shares of Philip Morris International by 3.8% during the first quarter. Uncommon Cents Investing LLC now owns 4,421 shares of the company’s stock valued at $405,000 after acquiring an additional 160 shares during the period. First Trust Direct Indexing L.P. increased its stake in shares of Philip Morris International by 19.2% in the first quarter. First Trust Direct Indexing L.P. now owns 16,218 shares of the company’s stock valued at $1,486,000 after purchasing an additional 2,615 shares during the period. Kovack Advisors Inc. increased its stake in shares of Philip Morris International by 10.4% in the first quarter. Kovack Advisors Inc. now owns 6,600 shares of the company’s stock valued at $605,000 after purchasing an additional 624 shares during the period. Norden Group LLC raised its holdings in shares of Philip Morris International by 2,221.8% during the first quarter. Norden Group LLC now owns 310,256 shares of the company’s stock valued at $28,425,000 after buying an additional 296,893 shares during the last quarter. Finally, BluePath Capital Management LLC grew its holdings in Philip Morris International by 8.1% in the 1st quarter. BluePath Capital Management LLC now owns 6,724 shares of the company’s stock worth $616,000 after buying an additional 504 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $101.42 on Friday. The stock’s 50 day moving average price is $100.46 and its 200 day moving average price is $95.13. The stock has a market cap of $157.66 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 2.08 and a beta of 0.58. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $104.90.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the business earned $1.38 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts expect that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be given a dividend of $1.30 per share. The ex-dividend date is Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 5.13%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat, Philip Morris International has an average rating of “Hold” and a consensus price target of $104.22.

Insider Activity

In related news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Philip Morris International 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.