Allen Mooney & Barnes Investment Advisors LLC Sells 1,454 Shares of Philip Morris International Inc. (NYSE:PM)

Allen Mooney & Barnes Investment Advisors LLC lowered its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 17.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,793 shares of the company's stock after selling 1,454 shares during the quarter. Allen Mooney & Barnes Investment Advisors LLC's holdings in Philip Morris International were worth $1,078,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ferguson Wellman Capital Management Inc. increased its stake in shares of Philip Morris International by 3.4% in the first quarter. Ferguson Wellman Capital Management Inc. now owns 592,171 shares of the company's stock valued at $93,995,000 after buying an additional 19,370 shares during the period. Kelly Financial Services LLC increased its stake in shares of Philip Morris International by 12.9% in the first quarter. Kelly Financial Services LLC now owns 2,061 shares of the company's stock valued at $327,000 after buying an additional 235 shares during the period. Fifth Third Bancorp increased its stake in shares of Philip Morris International by 7.0% in the first quarter. Fifth Third Bancorp now owns 542,502 shares of the company's stock valued at $86,111,000 after buying an additional 35,561 shares during the period. Simon Quick Advisors LLC increased its stake in shares of Philip Morris International by 20.5% in the first quarter. Simon Quick Advisors LLC now owns 13,961 shares of the company's stock valued at $2,216,000 after buying an additional 2,373 shares during the period. Finally, Zhang Financial LLC increased its stake in shares of Philip Morris International by 1.5% in the first quarter. Zhang Financial LLC now owns 11,637 shares of the company's stock valued at $1,847,000 after buying an additional 170 shares during the period. Institutional investors own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Needham & Company LLC assumed coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating for the company. Barclays increased their target price on shares of Philip Morris International from $205.00 to $220.00 and gave the company an "overweight" rating in a research report on Friday. Citigroup increased their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Wall Street Zen downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has an average rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Stock Performance

Shares of PM stock traded down $0.09 during trading hours on Friday, hitting $184.01. 5,500,599 shares of the company were exchanged, compared to its average volume of 5,615,900. The firm has a market cap of $286.41 billion, a P/E ratio of 40.80, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $185.16. The company has a 50 day simple moving average of $170.67 and a two-hundred day simple moving average of $149.34.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same period last year, the business earned $1.50 EPS. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

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.