Philip Morris International Inc. $PM Shares Sold by Mutual Advisors LLC

Mutual Advisors LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 10.1% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 36,759 shares of the company’s stock after selling 4,119 shares during the period. Mutual Advisors LLC’s holdings in Philip Morris International were worth $6,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Abound Wealth Management increased its holdings in shares of Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock valued at $29,000 after purchasing an additional 136 shares during the period. Kelly Lawrence W & Associates Inc. CA purchased a new position in Philip Morris International during the 1st quarter worth $30,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Philip Morris International by 405.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 162 shares during the period. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Philip Morris International in the first quarter valued at about $34,000. Finally, Redmont Wealth Advisors LLC acquired a new position in shares of Philip Morris International during the first quarter worth about $35,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.2%

Shares of PM stock opened at $159.08 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $116.12 and a fifty-two week high of $186.69. The business has a fifty day simple moving average of $164.07 and a 200-day simple moving average of $168.83. The stock has a market cap of $247.62 billion, a P/E ratio of 30.24, a P/E/G ratio of 2.33 and a beta of 0.46.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm had revenue of $8.12 billion for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 20th. Investors of record on Friday, October 3rd will be paid a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s dividend payout ratio is currently 111.79%.

Wall Street Analyst Weigh In

PM has been the topic of a number of analyst reports. Barclays lowered their price objective on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Jefferies Financial Group initiated coverage on Philip Morris International in a report on Wednesday, July 9th. They set a “buy” rating and a $220.00 price objective on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Finally, Citigroup reiterated a “buy” rating on shares of Philip Morris International in a report on Thursday, September 4th. Eleven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.44.

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.