Philip Morris International Inc. $PM Shares Sold by Waldron Private Wealth LLC

Waldron Private Wealth LLC reduced its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 6,643 shares of the company’s stock after selling 102 shares during the period. Waldron Private Wealth LLC’s holdings in Philip Morris International were worth $1,219,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. MQS Management LLC acquired a new stake in Philip Morris International during the 2nd quarter worth about $792,000. Leavell Investment Management Inc. grew its position in Philip Morris International by 3.2% during the 2nd quarter. Leavell Investment Management Inc. now owns 11,142 shares of the company’s stock worth $2,044,000 after purchasing an additional 349 shares during the period. CVA Family Office LLC grew its position in Philip Morris International by 1.9% during the 2nd quarter. CVA Family Office LLC now owns 8,529 shares of the company’s stock worth $1,553,000 after purchasing an additional 161 shares during the period. Brian Low Financial Group LLC acquired a new stake in Philip Morris International during the 2nd quarter worth about $1,149,000. Finally, Focus Partners Advisor Solutions LLC grew its position in Philip Morris International by 4.5% during the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 30,279 shares of the company’s stock worth $5,514,000 after purchasing an additional 1,307 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Down 0.0%

PM stock opened at $157.69 on Friday. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69. The stock has a market cap of $245.45 billion, a price-to-earnings ratio of 28.57, a PEG ratio of 2.30 and a beta of 0.46. The business’s 50-day moving average is $162.32 and its 200 day moving average is $168.98.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 11.02%.The company had revenue of $8.12 billion for the quarter. As a group, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on PM. The Goldman Sachs Group restated a “buy” rating on shares of Philip Morris International in a research report on Wednesday. UBS Group dropped their target price on Philip Morris International from $177.00 to $166.00 and set a “neutral” rating on the stock in a research report on Friday, September 5th. Stifel Nicolaus set a $180.00 target price on Philip Morris International in a research report on Tuesday. Barclays dropped their target price on Philip Morris International from $225.00 to $220.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 30th. Finally, Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Twelve analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.00.

About Philip Morris International

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.