Catalina Capital Group LLC Cuts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Catalina Capital Group LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 61.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,326 shares of the company's stock after selling 3,666 shares during the period. Catalina Capital Group LLC's holdings in Philip Morris International were worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Vanguard Group Inc. increased its stake in Philip Morris International by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock worth $16,780,688,000 after acquiring an additional 1,167,810 shares during the period. Capital World Investors boosted its holdings in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares in the last quarter. GQG Partners LLC raised its position in Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. Geode Capital Management LLC raised its position in Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Philip Morris International by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock worth $2,079,262,000 after purchasing an additional 516,617 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 0.0%

Shares of Philip Morris International stock traded down $0.04 during trading on Friday, hitting $182.57. The stock had a trading volume of 10,713,275 shares, compared to its average volume of 5,649,314. The firm has a market cap of $284.18 billion, a price-to-earnings ratio of 37.64, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $186.69. The business's 50-day moving average is $173.82 and its 200 day moving average is $150.99.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the business earned $1.50 earnings per share. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.96%. Philip Morris International's payout ratio is 111.34%.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research analyst reports. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and boosted their target price for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Needham & Company LLC began coverage on Philip Morris International in a research note on Thursday, May 22nd. They issued a "buy" rating on the stock. Wall Street Zen cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Finally, Bank of America lifted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $176.80.

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.