HM Payson & Co. Has $6.58 Million Position in Philip Morris International Inc. (NYSE:PM)

HM Payson & Co. trimmed its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 9.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,468 shares of the company's stock after selling 4,199 shares during the quarter. HM Payson & Co.'s holdings in Philip Morris International were worth $6,582,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Pacifica Partners Inc. lifted its position 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 purchasing an additional 115 shares during the period. Redmont Wealth Advisors LLC bought a new position in Philip Morris International in the first quarter worth $35,000. Inlight Wealth Management LLC bought a new position in Philip Morris International in the first quarter worth $38,000. Ameriflex Group Inc. bought a new position in Philip Morris International in the fourth quarter worth $36,000. Finally, Knuff & Co LLC bought a new position in Philip Morris International in the fourth quarter worth $36,000. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PM shares. Citigroup upped their target price 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. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and lifted their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. Finally, Stifel Nicolaus lifted their price target on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $176.80.

Philip Morris International Stock Performance

NYSE:PM traded up $2.24 on Monday, hitting $181.12. 4,652,143 shares of the stock were exchanged, compared to its average volume of 5,638,756. The stock has a market capitalization of $281.92 billion, a price-to-earnings ratio of 37.34, a P/E/G ratio of 2.59 and a beta of 0.51. Philip Morris International Inc. has a 52 week low of $101.62 and a 52 week high of $186.69. The company's 50-day moving average price is $177.38 and its 200 day moving average price is $155.43.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 EPS. As a group, equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 2.98%. Philip Morris International's dividend payout ratio is currently 111.34%.

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.