Inscription Capital LLC Acquires New Position in Philip Morris International Inc. (NYSE:PM)

Inscription Capital LLC bought a new position in shares of Philip Morris International Inc. (NYSE:PM) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,121 shares of the company’s stock, valued at approximately $2,559,000.

A number of other institutional investors have also recently bought and sold shares of the business. NewSquare Capital LLC increased its holdings in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Pacifica Partners Inc. boosted its holdings in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock worth $35,000 after buying an additional 115 shares during the last quarter. Knuff & Co LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth about $36,000. Ball & Co Wealth Management Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $36,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Philip Morris International in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Morgan Stanley reissued an “overweight” rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Finally, UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $176.80.

Philip Morris International Trading Down 0.6%

PM opened at $183.24 on Tuesday. The stock has a market capitalization of $285.21 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $186.69. The firm’s fifty day simple moving average is $171.37 and its 200 day simple moving average is $149.82.

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

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s payout ratio is 111.34%.

About Philip Morris International

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.