Sumitomo Mitsui Trust Group Inc. Sells 1,438 Shares of Philip Morris International Inc. (NYSE:PM)

Sumitomo Mitsui Trust Group Inc. lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 0.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,112,553 shares of the company’s stock after selling 1,438 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.20% of Philip Morris International worth $494,056,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. NewSquare Capital LLC grew its stake in Philip Morris International by 53.7% in the 4th 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. grew its stake in Philip Morris International by 115.0% in the 1st 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. Knuff & Co LLC bought a new position in Philip Morris International in the 4th quarter valued at $36,000. Ball & Co Wealth Management Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth $36,000. Finally, Ameriflex Group Inc. bought a new position in shares of Philip Morris International during the 4th quarter worth $36,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.2%

NYSE:PM opened at $181.11 on Friday. The business’s 50-day moving average price is $175.96 and its two-hundred day moving average price is $152.79. Philip Morris International Inc. has a twelve month low of $100.80 and a twelve month high of $186.69. The stock has a market cap of $281.90 billion, a P/E ratio of 37.34, a PEG ratio of 2.62 and a beta of 0.52.

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

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 2.98%. Philip Morris International’s payout ratio is 111.34%.

Analyst Upgrades and Downgrades

PM has been the subject of several research reports. Citigroup increased their price target on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research note on Wednesday, April 16th. Barclays reiterated an “overweight” rating and set a $220.00 price target (up previously from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Finally, Stifel Nicolaus increased their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus 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.