Clayton Financial Group LLC Sells 157 Shares of Philip Morris International Inc. (NYSE:PM)

Clayton Financial Group LLC cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,210 shares of the company’s stock after selling 157 shares during the period. Clayton Financial Group LLC’s holdings in Philip Morris International were worth $510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. NewSquare Capital LLC raised its position in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. Pacifica Partners Inc. raised its position in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after purchasing an additional 115 shares during the period. Ameriflex Group Inc. purchased a new stake in Philip Morris International during the fourth quarter valued at approximately $36,000. Knuff & Co LLC purchased a new stake in Philip Morris International during the fourth quarter valued at approximately $36,000. Finally, Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International during the fourth quarter valued at approximately $36,000. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Down 0.6%

Shares of NYSE:PM opened at $183.24 on Tuesday. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $186.69. The business’s fifty day simple moving average is $171.37 and its 200-day simple moving average is $149.82. The company has a market capitalization of $285.21 billion, a PE ratio of 40.63, a P/E/G ratio of 2.65 and a beta of 0.52.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results 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 negative return on equity of 120.08% and a net margin of 7.89%. The business 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 business posted $1.50 EPS. The business’s revenue was up 5.8% compared to the same quarter last year. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.95%. Philip Morris International’s dividend payout ratio is presently 111.34%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Barclays reiterated an “overweight” rating and issued a $220.00 price target (up from $205.00) on shares of Philip Morris International in a report on Friday. JPMorgan Chase & Co. increased their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Wall Street Zen downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Finally, Morgan Stanley restated 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. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average price target of $176.80.

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.