Quilter Plc Cuts Holdings in Philip Morris International Inc. (NYSE:PM)

Quilter Plc decreased its position in Philip Morris International Inc. (NYSE:PM) by 9.5% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 73,828 shares of the company’s stock after selling 7,769 shares during the period. Quilter Plc’s holdings in Philip Morris International were worth $11,719,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Philip Morris International by 24.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company’s stock valued at $69,695,000 after purchasing an additional 87,631 shares during the period. Brighton Jones LLC grew its stake in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after acquiring an additional 2,023 shares during the period. Symmetry Investments LP purchased a new stake in Philip Morris International in the 4th quarter worth about $1,966,000. Worth Asset Management LLC bought a new stake in Philip Morris International in the 1st quarter valued at about $2,223,000. Finally, Annex Advisory Services LLC lifted its holdings in Philip Morris International by 46.6% during the first quarter. Annex Advisory Services LLC now owns 34,715 shares of the company’s stock valued at $5,510,000 after purchasing an additional 11,034 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.6%

NYSE PM opened at $180.61 on Friday. The stock’s 50-day simple moving average is $175.60 and its two-hundred day simple moving average is $152.43. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69. The company has a market capitalization of $281.13 billion, a price-to-earnings ratio of 37.24, a PEG ratio of 2.60 and a beta of 0.52.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion for 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%. Philip Morris International’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $1.50 EPS. On average, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.99%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s dividend payout ratio is presently 111.34%.

Analyst Ratings Changes

Several research firms have recently issued reports on PM. Citigroup boosted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Needham & Company LLC started coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a “buy” rating on the stock. Bank of America lifted 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. Finally, UBS Group raised Philip Morris International from a “sell” rating to a “neutral” rating and lifted their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $176.80.

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.