Lazari Capital Management Inc. Buys 80 Shares of Philip Morris International Inc. (NYSE:PM)

Lazari Capital Management Inc. raised its stake in Philip Morris International Inc. (NYSE:PM) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,582 shares of the company’s stock after purchasing an additional 80 shares during the period. Lazari Capital Management Inc.’s holdings in Philip Morris International were worth $410,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PM. GQG Partners LLC boosted its holdings in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after purchasing an additional 6,092,558 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Philip Morris International by 19,986.5% during the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock worth $712,210,000 after acquiring an additional 4,464,590 shares during the period. Raymond James Financial Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth about $522,214,000. Kovitz Investment Group Partners LLC lifted its holdings in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after acquiring an additional 4,298,530 shares during the period. Finally, Capital World Investors lifted its holdings in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 1.0%

Shares of Philip Morris International stock opened at $185.18 on Tuesday. Philip Morris International Inc. has a 12-month low of $99.86 and a 12-month high of $186.69. The stock has a market capitalization of $288.24 billion, a P/E ratio of 38.18, a price-to-earnings-growth ratio of 2.66 and a beta of 0.52. The company has a 50-day simple moving average of $174.37 and a 200 day simple moving average of $151.65.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping 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 122.40% and a net margin of 8.43%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.50 EPS. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s dividend payout ratio is 111.34%.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of analyst reports. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a report on Thursday, April 24th. Bank of America raised their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $176.80.

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.