Philip Morris International Inc. (NYSE:PM) Shares Sold by Bessemer Group Inc.

Bessemer Group Inc. decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 4.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,373,293 shares of the company’s stock after selling 70,854 shares during the quarter. Bessemer Group Inc. owned approximately 0.09% of Philip Morris International worth $217,982,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Aurora Private Wealth Inc. acquired a new position in shares of Philip Morris International in the 1st quarter valued at approximately $24,099,000. Spire Wealth Management increased its stake in shares of Philip Morris International by 0.4% in the first quarter. Spire Wealth Management now owns 17,516 shares of the company’s stock worth $2,780,000 after buying an additional 70 shares during the last quarter. waypoint wealth counsel bought a new stake in shares of Philip Morris International in the first quarter worth $205,000. Golden State Equity Partners raised its holdings in Philip Morris International by 24.1% in the first quarter. Golden State Equity Partners now owns 3,902 shares of the company’s stock valued at $619,000 after acquiring an additional 757 shares in the last quarter. Finally, Mill Capital Management LLC boosted its stake in Philip Morris International by 1.7% during the 1st quarter. Mill Capital Management LLC now owns 74,360 shares of the company’s stock valued at $11,803,000 after acquiring an additional 1,258 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

PM has been the subject of several research analyst reports. UBS Group raised shares of Philip Morris International from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Barclays reissued an “overweight” rating and issued a $220.00 price objective (up from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Morgan Stanley reiterated an “overweight” rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, Bank of America upped their price target on Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $176.80.

Philip Morris International Stock Performance

Philip Morris International stock opened at $184.54 on Wednesday. Philip Morris International Inc. has a one year low of $100.80 and a one year high of $186.69. The company has a 50-day simple moving average of $174.86 and a 200-day simple moving average of $151.88. The firm has a market capitalization of $287.24 billion, a P/E ratio of 38.05, a P/E/G ratio of 2.68 and a beta of 0.52.

Philip Morris International (NYSE:PM) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS 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 net margin of 8.43% and a negative return on equity of 122.40%. Philip Morris International’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 EPS. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 2.93%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

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.