Chevy Chase Trust Holdings LLC Buys 2,928 Shares of Philip Morris International Inc. (NYSE:PM)

Chevy Chase Trust Holdings LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 0.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 822,494 shares of the company's stock after acquiring an additional 2,928 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Philip Morris International worth $130,554,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC boosted its holdings in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after buying an additional 2,023 shares during the period. Revolve Wealth Partners LLC boosted its holdings in shares of Philip Morris International by 4.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 91 shares during the period. TCW Group Inc. boosted its holdings in shares of Philip Morris International by 2.6% during the fourth quarter. TCW Group Inc. now owns 21,771 shares of the company's stock worth $2,620,000 after acquiring an additional 543 shares during the period. Howard Capital Management Inc. grew its position in shares of Philip Morris International by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 10,406 shares of the company's stock valued at $1,252,000 after purchasing an additional 535 shares during the last quarter. Finally, MONECO Advisors LLC increased its stake in shares of Philip Morris International by 24.0% during the fourth quarter. MONECO Advisors LLC now owns 3,904 shares of the company's stock worth $470,000 after purchasing an additional 755 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE PM traded down $4.70 during trading hours on Wednesday, hitting $179.79. 5,110,955 shares of the stock were exchanged, compared to its average volume of 5,611,236. The company has a market cap of $279.85 billion, a PE ratio of 37.07, a price-to-earnings-growth ratio of 2.68 and a beta of 0.52. The company's fifty day simple moving average is $174.86 and its two-hundred day simple moving average is $151.88. Philip Morris International Inc. has a 1-year low of $100.80 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same period in the prior year, the company earned $1.50 earnings per share. The company's quarterly revenue was up 5.8% on a year-over-year basis. 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 firm also recently announced 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 3.00%. The ex-dividend date is Friday, June 27th. Philip Morris International's payout ratio is 111.34%.

Analyst Ratings Changes

Several analysts recently issued reports on PM shares. Morgan Stanley restated an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday. Bank of America upped their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Finally, Stifel Nicolaus increased their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average 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.