Brown Advisory Inc. Has $25.75 Million Position in Philip Morris International Inc. (NYSE:PM)

Brown Advisory Inc. cut its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 6.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,212 shares of the company's stock after selling 11,226 shares during the quarter. Brown Advisory Inc.'s holdings in Philip Morris International were worth $25,748,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Ninety One SA PTY Ltd increased its holdings in shares of Philip Morris International by 81.7% during the 1st quarter. Ninety One SA PTY Ltd now owns 77,805 shares of the company's stock valued at $12,328,000 after acquiring an additional 34,979 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its position in Philip Morris International by 12.3% during the first quarter. China Universal Asset Management Co. Ltd. now owns 8,642 shares of the company's stock worth $1,382,000 after purchasing an additional 944 shares during the period. Horst & Graben Wealth Management LLC grew its holdings in Philip Morris International by 2.9% during the first quarter. Horst & Graben Wealth Management LLC now owns 4,550 shares of the company's stock valued at $722,000 after purchasing an additional 130 shares during the last quarter. Pekin Hardy Strauss Inc. raised its position in shares of Philip Morris International by 3.8% in the first quarter. Pekin Hardy Strauss Inc. now owns 32,748 shares of the company's stock valued at $5,198,000 after purchasing an additional 1,195 shares during the period. Finally, Planning Directions Inc. bought a new position in shares of Philip Morris International in the first quarter valued at approximately $7,616,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Trading Up 0.0%

Shares of NYSE:PM opened at $177.73 on Thursday. The business's 50 day moving average is $177.65 and its 200-day moving average is $155.73. The firm has a market capitalization of $276.64 billion, a PE ratio of 36.65, a PEG ratio of 2.58 and a beta of 0.51. Philip Morris International Inc. has a 1-year low of $101.68 and a 1-year 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, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the company earned $1.50 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. On average, sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.04%. Philip Morris International's dividend payout ratio is currently 111.34%.

Analyst Ratings Changes

A number of research analysts recently issued reports on PM shares. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Bank of America raised their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC assumed coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Finally, Jefferies Financial Group assumed coverage on Philip Morris International in a research report on Wednesday. They issued a "buy" rating and a $220.00 price target on the stock. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $180.73.

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.

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