Newbridge Financial Services Group Inc. Invests $767,000 in Philip Morris International Inc. (NYSE:PM)

Newbridge Financial Services Group Inc. acquired a new position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,376 shares of the company's stock, valued at approximately $767,000.

A number of other hedge funds have also modified their holdings of PM. Valley Wealth Managers Inc. boosted its holdings in shares of Philip Morris International by 457.5% during the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company's stock worth $27,000 after buying an additional 183 shares during the period. Dunhill Financial LLC raised its stake in Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after acquiring an additional 161 shares in the last quarter. Concord Wealth Partners boosted its position in Philip Morris International by 2,709.1% in the third quarter. Concord Wealth Partners now owns 309 shares of the company's stock valued at $38,000 after buying an additional 298 shares in the last quarter. Asset Dedication LLC increased its holdings in Philip Morris International by 55.5% in the 4th quarter. Asset Dedication LLC now owns 412 shares of the company's stock worth $50,000 after purchasing an additional 147 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of Philip Morris International during the third quarter worth about $54,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Trading Down 0.6 %

PM stock traded down $0.92 during mid-day trading on Friday, reaching $144.40. The company's stock had a trading volume of 7,207,465 shares, compared to its average volume of 5,552,923. The company has a market cap of $224.51 billion, a price-to-earnings ratio of 32.02, a price-to-earnings-growth ratio of 2.55 and a beta of 0.55. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $146.78. The business's 50 day moving average price is $125.66 and its 200 day moving average price is $123.97.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 9.24% and a negative return on equity of 120.08%. As a group, equities analysts expect that Philip Morris International Inc. will post 7.11 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date was Thursday, December 26th. This represents a $5.40 annualized dividend and a dividend yield of 3.74%. Philip Morris International's dividend payout ratio is presently 119.73%.

Wall Street Analyst Weigh In

Several research firms recently commented on PM. UBS Group lifted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday. Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday. Morgan Stanley initiated coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Wednesday, October 23rd. Finally, Barclays decreased their price target on Philip Morris International from $155.00 to $145.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $134.35.

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.