Kowal Investment Group LLC Grows Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Kowal Investment Group LLC lifted its position in Philip Morris International Inc. (NYSE:PM) by 18.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,855 shares of the company’s stock after buying an additional 2,029 shares during the period. Kowal Investment Group LLC’s holdings in Philip Morris International were worth $1,178,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. BKM Wealth Management LLC lifted its holdings in shares of Philip Morris International by 69.6% during the 1st quarter. BKM Wealth Management LLC now owns 2,970 shares of the company’s stock valued at $272,000 after purchasing an additional 1,219 shares during the last quarter. Mayfair Advisory Group LLC raised its stake in Philip Morris International by 3.2% in the first quarter. Mayfair Advisory Group LLC now owns 4,608 shares of the company’s stock valued at $422,000 after buying an additional 142 shares during the last quarter. SteelPeak Wealth LLC boosted its holdings in Philip Morris International by 14.5% in the first quarter. SteelPeak Wealth LLC now owns 41,636 shares of the company’s stock worth $3,869,000 after acquiring an additional 5,260 shares in the last quarter. D.B. Root & Company LLC grew its stake in shares of Philip Morris International by 246.2% during the first quarter. D.B. Root & Company LLC now owns 9,227 shares of the company’s stock worth $845,000 after acquiring an additional 6,562 shares during the last quarter. Finally, Red Door Wealth Management LLC increased its holdings in shares of Philip Morris International by 9.5% during the first quarter. Red Door Wealth Management LLC now owns 18,674 shares of the company’s stock valued at $1,711,000 after acquiring an additional 1,622 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.1 %

Shares of PM stock traded up $0.14 on Monday, hitting $101.47. The company had a trading volume of 1,412,525 shares, compared to its average volume of 5,469,531. The firm has a market cap of $157.74 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 2.08 and a beta of 0.58. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90. The company has a 50-day moving average price of $100.08 and a 200-day moving average price of $94.94.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 earnings per share. Equities research analysts expect that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 5.12%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analysts Set New Price Targets

PM has been the topic of several research analyst reports. Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $104.22.

Insider Buying and Selling at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is owned by corporate insiders.

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.