Valicenti Advisory Services Inc. Has $1.78 Million Stake in Philip Morris International Inc. (NYSE:PM)

Valicenti Advisory Services Inc. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 0.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,187 shares of the company’s stock after selling 75 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Philip Morris International were worth $1,776,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in PM. Lloyd Advisory Services LLC. increased its stake in shares of Philip Morris International by 3.3% in the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company’s stock valued at $323,000 after acquiring an additional 64 shares during the last quarter. Omnia Family Wealth LLC raised its holdings in Philip Morris International by 1.7% in the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock worth $469,000 after purchasing an additional 65 shares during the period. Wagner Wealth Management LLC raised its holdings in Philip Morris International by 1.0% in the first quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company’s stock worth $1,025,000 after purchasing an additional 67 shares during the period. Sonora Investment Management Group LLC raised its holdings in Philip Morris International by 0.6% in the first quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company’s stock worth $1,784,000 after purchasing an additional 68 shares during the period. Finally, Essex Savings Bank raised its holdings in Philip Morris International by 2.0% in the first quarter. Essex Savings Bank now owns 3,443 shares of the company’s stock worth $547,000 after purchasing an additional 69 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $184.54 on Wednesday. The business’s 50 day simple moving average is $174.86 and its 200 day simple moving average is $151.88. Philip Morris International Inc. has a 52-week low of $100.80 and a 52-week high of $186.69. The firm has a market cap of $287.24 billion, a PE ratio of 38.05, a P/E/G ratio of 2.68 and a beta of 0.52.

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, beating analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period last year, the company earned $1.50 earnings per share. The firm’s revenue was up 5.8% compared to the same quarter last year. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International’s payout ratio is currently 111.34%.

Wall Street Analyst Weigh In

Several analysts recently commented on PM shares. Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Saturday. UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and increased their price target for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Finally, Citigroup raised their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.