Fort Washington Investment Advisors Inc. OH Sells 61,140 Shares of Philip Morris International Inc. (NYSE:PM)

Fort Washington Investment Advisors Inc. OH lowered its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,671,461 shares of the company's stock after selling 61,140 shares during the period. Philip Morris International comprises approximately 1.6% of Fort Washington Investment Advisors Inc. OH's holdings, making the stock its 10th largest holding. Fort Washington Investment Advisors Inc. OH owned about 0.11% of Philip Morris International worth $265,311,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC grew its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Pacifica Partners Inc. boosted its holdings 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 in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter worth about $36,000. McClarren Financial Advisors Inc. acquired a new stake in shares of Philip Morris International during the fourth quarter worth about $33,000. Finally, Knuff & Co LLC acquired a new position in Philip Morris International in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on PM shares. Citigroup upped their target price 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. Stifel Nicolaus raised their target price on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Finally, Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $176.80.

Philip Morris International Stock Down 0.0%

NYSE:PM traded down $0.09 during mid-day trading on Friday, reaching $184.01. 5,500,599 shares of the stock were exchanged, compared to its average volume of 5,615,900. The company has a 50 day simple moving average of $170.67 and a 200-day simple moving average of $149.47. The stock has a market capitalization of $286.41 billion, a P/E ratio of 40.80, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 1 year low of $98.93 and a 1 year high of $185.16.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.50 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.93%. Philip Morris International's payout ratio is currently 111.34%.

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.