Jefferies Financial Group Inc. Has $1.29 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Key Points

• Jefferies Financial Group Inc. reduced its stake in Philip Morris International by 30.8%, now holding 8,115 shares valued at approximately $1.29 million.
• Philip Morris International reported a 7.1% revenue increase year-over-year, totaling $10.14 billion, despite missing analyst expectations for the quarter.
• The company declared a quarterly dividend of $1.35, with a yield of 3.3% and a payout ratio of 102.66%.

Jefferies Financial Group Inc. lowered its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 30.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,115 shares of the company's stock after selling 3,617 shares during the period. Jefferies Financial Group Inc.'s holdings in Philip Morris International were worth $1,288,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PM. Capital World Investors lifted its holdings in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after buying an additional 4,216,586 shares during the period. Northern Trust Corp boosted its stake in Philip Morris International by 11.0% during the fourth quarter. Northern Trust Corp now owns 13,630,177 shares of the company's stock worth $1,640,392,000 after acquiring an additional 1,347,503 shares in the last quarter. Fayez Sarofim & Co increased its stake in shares of Philip Morris International by 7.1% during the fourth quarter. Fayez Sarofim & Co now owns 10,313,383 shares of the company's stock valued at $1,241,216,000 after purchasing an additional 685,431 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Philip Morris International by 22.2% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 9,018,628 shares of the company's stock worth $1,431,527,000 after buying an additional 1,635,636 shares during the last quarter. Finally, Independent Franchise Partners LLP boosted its holdings in Philip Morris International by 8.9% in the fourth quarter. Independent Franchise Partners LLP now owns 6,643,831 shares of the company's stock worth $799,585,000 after acquiring an additional 540,434 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PM has been the topic of a number of analyst reports. Barclays dropped their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 30th. Citigroup reaffirmed an "overweight" rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Jefferies Financial Group began coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 target price on the stock. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.

Philip Morris International Stock Up 1.2%

Shares of PM stock traded up $2.07 during trading hours on Friday, reaching $170.24. 2,012,191 shares of the stock traded hands, compared to its average volume of 6,116,198. Philip Morris International Inc. has a 1-year low of $115.62 and a 1-year high of $186.69. The firm has a market capitalization of $265.00 billion, a PE ratio of 32.36, a PEG ratio of 2.43 and a beta of 0.48. The business has a fifty day moving average price of $176.50 and a 200 day moving average price of $162.84.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm had revenue of $10.14 billion for the quarter, compared to the consensus estimate of $10.33 billion. During the same period in the previous year, the firm posted $1.59 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. Research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International's dividend payout ratio is 102.66%.

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.