Berkeley Capital Partners LLC Has $711,000 Holdings in Philip Morris International Inc. (NYSE:PM)

Berkeley Capital Partners LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 70.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,481 shares of the company's stock after selling 10,682 shares during the quarter. Berkeley Capital Partners LLC's holdings in Philip Morris International were worth $711,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Brighton Jones LLC boosted its stake in shares of Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock valued at $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after buying an additional 91 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Philip Morris International by 60.4% in the 4th quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock worth $465,000 after buying an additional 1,455 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Philip Morris International in the 4th quarter worth about $287,000. Finally, Harvest Fund Management Co. Ltd boosted its stake in Philip Morris International by 110.8% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 6,184 shares of the company's stock worth $744,000 after buying an additional 3,250 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Upgrades and Downgrades

PM has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price on the stock. Bank of America lifted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Citigroup lifted their price objective on Philip Morris International from $188.00 to $200.00 and gave the stock a "buy" rating in a report on Thursday, July 10th. UBS Group set a $181.00 price objective on Philip Morris International and gave the stock a "neutral" rating in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $186.73.

Philip Morris International Trading Down 0.2%

Shares of Philip Morris International stock traded down $0.42 on Friday, reaching $178.75. 4,649,814 shares of the company were exchanged, compared to its average volume of 5,666,761. The stock has a fifty day moving average price of $178.83 and a 200-day moving average price of $158.83. The firm has a market capitalization of $278.23 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.56 and a beta of 0.51. Philip Morris International Inc. has a fifty-two week low of $106.76 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. Philip Morris International's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 earnings per share. On average, equities analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a dividend of $1.35 per share. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.02%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

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.