Daymark Wealth Partners LLC Reduces Holdings in Philip Morris International Inc. (NYSE:PM)

Daymark Wealth Partners LLC lessened its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 8.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,005 shares of the company's stock after selling 2,073 shares during the quarter. Daymark Wealth Partners LLC's holdings in Philip Morris International were worth $3,493,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. NewSquare Capital LLC boosted its position in shares of Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares during the period. Pacifica Partners Inc. lifted its stake 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 acquiring an additional 115 shares during the last quarter. Knuff & Co LLC bought a new position in Philip Morris International in the 4th quarter valued at $36,000. Ball & Co Wealth Management Inc. bought a new position in Philip Morris International in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. purchased a new stake in Philip Morris International in the fourth quarter worth $36,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

NYSE:PM traded up $1.01 during trading hours on Thursday, reaching $180.61. The company's stock had a trading volume of 5,801,809 shares, compared to its average volume of 5,610,718. The stock has a 50 day moving average price of $175.25 and a two-hundred day moving average price of $152.07. The company has a market capitalization of $281.13 billion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 2.67 and a beta of 0.52. Philip Morris International Inc. has a 12 month low of $100.80 and a 12 month 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 EPS 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 analyst estimates of $9.10 billion. During the same period in the previous year, the company posted $1.50 EPS. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, June 27th. Philip Morris International's payout ratio is currently 111.34%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Barclays reissued an "overweight" rating and issued a $220.00 price objective (up from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Bank of America lifted 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. Finally, Citigroup increased their price objective on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research note on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International 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.