Crewe Advisors LLC Makes New $222,000 Investment in Philip Morris International Inc. (NYSE:PM)

Crewe Advisors LLC bought a new stake in Philip Morris International Inc. (NYSE:PM) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,424 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors have also modified their holdings of PM. Kessler Investment Group LLC bought a new stake in shares of Philip Morris International during the 1st quarter valued at about $25,000. Boyd Watterson Asset Management LLC OH boosted its holdings in shares of Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after acquiring an additional 230 shares in the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International in the fourth quarter valued at approximately $33,000. Northwest Financial Advisors acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $33,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM stock traded up $1.78 during mid-day trading on Thursday, hitting $113.22. 6,976,542 shares of the company were exchanged, compared to its average volume of 5,380,301. The firm has a market cap of $176.01 billion, a P/E ratio of 22.11, a P/E/G ratio of 2.23 and a beta of 0.58. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $113.68. The firm’s 50 day simple moving average is $102.99 and its 200 day simple moving average is $96.40.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Philip Morris International had a net margin of 8.58% and a negative return on equity of 111.24%. The company had revenue of $9.47 billion during the quarter, compared to analysts’ expectations of $9.19 billion. During the same period last year, the business earned $1.60 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities research analysts predict that Philip Morris International Inc. will post 6.37 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 4.59%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Stifel Nicolaus upped their price target on shares of Philip Morris International from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday. Bank of America increased their target price on shares of Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $107.80.

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.