Philip Morris International Inc. (NYSE:PM) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC cut its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,086 shares of the company's stock after selling 3,389 shares during the quarter. Bryn Mawr Capital Management LLC's holdings in Philip Morris International were worth $4,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of PM. Pacifica Partners Inc. grew its holdings in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares during the period. Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International in the 1st quarter valued at about $35,000. Ball & Co Wealth Management Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Ameriflex Group Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Finally, Inlight Wealth Management LLC acquired a new stake in shares of Philip Morris International during the 1st quarter worth about $38,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PM has been the topic of several research analyst reports. Citigroup raised their target price on Philip Morris International from $188.00 to $200.00 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays lifted their price target on Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. UBS Group set a $181.00 target price on Philip Morris International and gave the company a "neutral" rating in a research note on Monday. Finally, Bank of America lifted their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus price target of $186.73.

Philip Morris International Price Performance

PM traded down $0.42 during trading on Friday, reaching $178.75. 4,565,440 shares of the stock were exchanged, compared to its average volume of 5,956,866. The business's 50 day moving average price is $178.64 and its two-hundred day moving average price is $158.16. The company has a market capitalization of $278.23 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 2.63 and a beta of 0.51. Philip Morris International Inc. has a 1 year low of $106.76 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released 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 negative return on equity of 122.40% and a net margin of 8.43%. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the previous year, the firm posted $1.50 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current 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 issued a $1.35 dividend. The ex-dividend date was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.02%. Philip Morris International's dividend payout ratio (DPR) is 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.