Mutual Advisors LLC Cuts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Mutual Advisors LLC cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,878 shares of the company’s stock after selling 2,402 shares during the period. Mutual Advisors LLC’s holdings in Philip Morris International were worth $6,959,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Philip Morris International by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock worth $16,780,688,000 after buying an additional 1,167,810 shares during the period. Capital World Investors grew its stake in Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares during the period. GQG Partners LLC grew its stake in Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares during the period. Geode Capital Management LLC increased its holdings in Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after acquiring an additional 3,185,258 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in Philip Morris International by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock worth $2,079,262,000 after acquiring an additional 516,617 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research reports. Needham & Company LLC started coverage on shares of Philip Morris International in a research note on Thursday, May 22nd. They set a “buy” rating for the company. Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. Stifel Nicolaus boosted their price objective 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. Bank of America upped their target price on Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, UBS Group upgraded Philip Morris International from a “sell” rating to a “neutral” rating and lifted their price target for the stock 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 company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $176.80.

Philip Morris International Price Performance

Shares of PM stock opened at $176.03 on Thursday. Philip Morris International Inc. has a 1-year low of $100.80 and a 1-year high of $186.69. The company has a 50-day moving average of $176.79 and a two-hundred day moving average of $153.86. The firm has a market cap of $273.99 billion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 2.57 and a beta of 0.51.

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. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the previous year, the business posted $1.50 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business 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 $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date is Friday, June 27th. Philip Morris International’s dividend payout ratio is currently 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.