Revolve Wealth Partners LLC Invests $205,000 in Philip Morris International Inc. (NYSE:PM)

Revolve Wealth Partners LLC bought a new stake in shares of Philip Morris International Inc. (NYSE:PM) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,027 shares of the company’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bar Harbor Wealth Management boosted its stake in shares of Philip Morris International by 2.6% in the 2nd quarter. Bar Harbor Wealth Management now owns 3,919 shares of the company’s stock valued at $397,000 after buying an additional 100 shares during the period. KCM Investment Advisors LLC lifted its stake in Philip Morris International by 2.8% in the first quarter. KCM Investment Advisors LLC now owns 3,868 shares of the company’s stock worth $354,000 after acquiring an additional 104 shares during the last quarter. Smallwood Wealth Investment Management LLC grew its holdings in Philip Morris International by 0.6% during the 1st quarter. Smallwood Wealth Investment Management LLC now owns 17,495 shares of the company’s stock worth $1,603,000 after acquiring an additional 108 shares in the last quarter. 1ST Source Bank increased its position in shares of Philip Morris International by 4.1% in the 1st quarter. 1ST Source Bank now owns 2,742 shares of the company’s stock valued at $251,000 after purchasing an additional 108 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. raised its holdings in shares of Philip Morris International by 4.7% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 2,460 shares of the company’s stock valued at $225,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on PM shares. Barclays boosted their target price on shares of Philip Morris International from $110.00 to $130.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Stifel Nicolaus boosted their target price on Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft upped their price target on Philip Morris International from $116.00 to $118.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Finally, StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $109.80.

Philip Morris International Trading Up 0.1 %

Shares of Philip Morris International stock traded up $0.17 during trading on Friday, reaching $118.06. The company’s stock had a trading volume of 3,707,409 shares, compared to its average volume of 5,379,225. The company has a 50-day moving average price of $107.72 and a two-hundred day moving average price of $98.96. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $119.06. The firm has a market cap of $183.53 billion, a PE ratio of 23.06, a P/E/G ratio of 2.35 and a beta of 0.58.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.02. Philip Morris International had a net margin of 9.41% and a negative return on equity of 113.32%. The company had revenue of $9.47 billion for the quarter, compared to analyst estimates of $9.19 billion. During the same period in the previous year, the business posted $1.60 earnings per share. Philip Morris International’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts predict that Philip Morris International Inc. will post 6.41 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were given a dividend of $1.30 per share. The ex-dividend date was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 4.40%. Philip Morris International’s payout ratio is 101.56%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the transaction, the insider now directly owns 158,447 shares of the company’s stock, valued at approximately $17,906,095.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Philip Morris International news, insider Massimo Andolina sold 9,000 shares of the business’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the transaction, the insider now owns 85,629 shares in the company, valued at approximately $9,877,305.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $113.01, for a total value of $2,260,200.00. Following the completion of the sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Philip Morris International 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.