Mezzasalma Advisors LLC Lowers Stock Position in Philip Morris International Inc. (NYSE:PM)

Mezzasalma Advisors LLC trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 4.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,773 shares of the company’s stock after selling 87 shares during the period. Mezzasalma Advisors LLC’s holdings in Philip Morris International were worth $281,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Kentucky Retirement Systems Insurance Trust Fund increased its stake in Philip Morris International by 23.3% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 56,737 shares of the company’s stock worth $6,828,000 after purchasing an additional 10,703 shares during the period. Brighton Jones LLC grew its holdings in shares of Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Symmetry Investments LP acquired a new position in shares of Philip Morris International in the fourth quarter valued at approximately $1,966,000. Worth Asset Management LLC purchased a new stake in Philip Morris International during the 1st quarter worth approximately $2,223,000. Finally, Annex Advisory Services LLC lifted its holdings in Philip Morris International by 46.6% during the 1st quarter. Annex Advisory Services LLC now owns 34,715 shares of the company’s stock worth $5,510,000 after buying an additional 11,034 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

NYSE:PM opened at $183.50 on Wednesday. Philip Morris International Inc. has a 1 year low of $98.93 and a 1 year high of $186.69. The stock has a market cap of $285.63 billion, a P/E ratio of 37.84, a P/E/G ratio of 2.66 and a beta of 0.52. The stock has a 50-day simple moving average of $172.01 and a 200-day simple moving average of $150.05.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. On average, equities 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. Investors of record on Friday, June 27th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.94%. Philip Morris International’s dividend payout ratio is currently 111.34%.

Analysts Set New Price Targets

PM has been the subject of several research reports. Bank of America boosted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Wall Street Zen lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, May 30th. Morgan Stanley restated an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Barclays reaffirmed an “overweight” rating and issued a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price 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.