DekaBank Deutsche Girozentrale Lowers Holdings in Philip Morris International Inc. (NYSE:PM)

DekaBank Deutsche Girozentrale decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,359,228 shares of the company's stock after selling 158,445 shares during the quarter. Philip Morris International accounts for about 0.7% of DekaBank Deutsche Girozentrale's holdings, making the stock its 24th biggest holding. DekaBank Deutsche Girozentrale owned about 0.15% of Philip Morris International worth $365,004,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in PM. Pacifica Partners Inc. lifted its stake in Philip Morris International by 115.0% in the first 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. Redmont Wealth Advisors LLC acquired a new stake in Philip Morris International during the first quarter worth approximately $35,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the fourth quarter worth approximately $36,000. Ball & Co Wealth Management Inc. acquired a new stake in Philip Morris International during the fourth quarter worth approximately $36,000. Finally, Ameriflex Group Inc. acquired a new stake in Philip Morris International during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Down 0.7%

Shares of Philip Morris International stock traded down $1.34 on Tuesday, hitting $179.86. The company's stock had a trading volume of 303,994 shares, compared to its average volume of 6,001,866. Philip Morris International Inc. has a 52-week low of $101.62 and a 52-week high of $186.69. The firm has a fifty day moving average price of $177.38 and a 200-day moving average price of $155.43. The company has a market capitalization of $279.95 billion, a P/E ratio of 37.09, a price-to-earnings-growth ratio of 2.59 and a beta of 0.51.

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 for the quarter, beating 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 firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the previous year, the company posted $1.50 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share 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 dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio is currently 111.34%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on PM shares. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Citigroup raised their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Needham & Company LLC started coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Finally, Barclays reaffirmed an "overweight" rating and issued a $220.00 target price (up from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target 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.

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