Future Financial Wealth Managment LLC Makes New $125,000 Investment in Philip Morris International Inc. (NYSE:PM)

Future Financial Wealth Managment LLC acquired a new stake in Philip Morris International Inc. (NYSE:PM) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,362 shares of the company’s stock, valued at approximately $125,000.

Other large investors have also modified their holdings of the company. Tennessee Valley Asset Management Partners acquired 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 shares of Philip Morris International in the 4th quarter worth $33,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter valued at about $38,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth about $39,000. Finally, Quarry LP increased its stake in shares of Philip Morris International by 307.5% during the fourth quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after acquiring an additional 329 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Philip Morris International stock opened at $101.56 on Friday. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $104.90. The firm has a market capitalization of $157.88 billion, a price-to-earnings ratio of 19.84, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. The stock’s fifty day moving average is $99.72 and its two-hundred day moving average is $94.82.

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

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PM shares. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus raised their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $104.22.

Insiders Place Their Bets

In other news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company 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.