Philip Morris International Inc. $PM Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,789 shares of the company’s stock after selling 2,271 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Philip Morris International were worth $18,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PFS Partners LLC boosted its stake in shares of Philip Morris International by 24.8% in the second quarter. PFS Partners LLC now owns 292 shares of the company’s stock worth $53,000 after buying an additional 58 shares during the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Philip Morris International by 0.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock valued at $2,236,000 after purchasing an additional 60 shares in the last quarter. TBH Global Asset Management LLC increased its holdings in shares of Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock valued at $1,100,000 after purchasing an additional 61 shares in the last quarter. Uncommon Cents Investing LLC lifted its stake in shares of Philip Morris International by 1.1% in the 2nd quarter. Uncommon Cents Investing LLC now owns 5,666 shares of the company’s stock valued at $1,032,000 after purchasing an additional 61 shares during the period. Finally, NFP Retirement Inc. boosted its holdings in Philip Morris International by 2.5% during the first quarter. NFP Retirement Inc. now owns 2,589 shares of the company’s stock worth $411,000 after buying an additional 62 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PM. Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research note on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $194.00.

Philip Morris International Stock Up 3.2%

Philip Morris International stock opened at $156.91 on Thursday. The company has a fifty day simple moving average of $162.64 and a 200-day simple moving average of $168.72. The firm has a market capitalization of $244.25 billion, a price-to-earnings ratio of 28.43, a PEG ratio of 2.22 and a beta of 0.46. Philip Morris International Inc. has a 52-week low of $116.12 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.17%. The firm had revenue of $8.12 billion for the quarter. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. The ex-dividend date was Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. Philip Morris International’s payout ratio is presently 106.52%.

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.