Heritage Investors Management Corp Sells 13,632 Shares of Philip Morris International Inc. (NYSE:PM)

Heritage Investors Management Corp trimmed its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 23.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 45,449 shares of the company's stock after selling 13,632 shares during the period. Heritage Investors Management Corp's holdings in Philip Morris International were worth $7,214,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Philip Morris International by 31.1% during the fourth 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 in the last quarter. Revolve Wealth Partners LLC increased its position in shares of Philip Morris International by 4.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after acquiring an additional 91 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in Philip Morris International by 60.4% during the fourth quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock worth $465,000 after acquiring an additional 1,455 shares in the last quarter. HUB Investment Partners LLC boosted its position in Philip Morris International by 3.4% during the fourth quarter. HUB Investment Partners LLC now owns 5,054 shares of the company's stock valued at $608,000 after purchasing an additional 165 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in Philip Morris International in the fourth quarter valued at approximately $235,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

PM stock traded down $0.42 during midday trading on Friday, reaching $178.75. The company had a trading volume of 4,649,814 shares, compared to its average volume of 5,666,761. Philip Morris International Inc. has a 1-year low of $106.76 and a 1-year high of $186.69. The stock has a 50 day moving average price of $178.83 and a 200-day moving average price of $158.83. The company has a market capitalization of $278.23 billion, a price-to-earnings ratio of 36.86, a price-to-earnings-growth ratio of 2.56 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. As a group, research analysts anticipate 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 was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.02%. The ex-dividend date was Friday, June 27th. Philip Morris International's payout ratio is 111.34%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. Morgan Stanley restated an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating for the company. Finally, Bank of America upped their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and a consensus target price of $186.73.

About Philip Morris International

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.