Philip Morris International Inc. (NYSE:PM) Shares Sold by Machina Capital S.A.S.

Machina Capital S.A.S. decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 84.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,095 shares of the company's stock after selling 17,123 shares during the quarter. Machina Capital S.A.S.'s holdings in Philip Morris International were worth $491,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Perigon Wealth Management LLC increased its position in shares of Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after buying an additional 60 shares in the last quarter. TBH Global Asset Management LLC increased its position in Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock worth $1,100,000 after purchasing an additional 61 shares in the last quarter. Capital Advisors Wealth Management LLC increased its position in Philip Morris International by 2.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock worth $477,000 after purchasing an additional 63 shares in the last quarter. Lloyd Advisory Services LLC. increased its position in Philip Morris International by 3.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock worth $323,000 after purchasing an additional 64 shares in the last quarter. Finally, Western Wealth Management LLC increased its position in Philip Morris International by 1.5% during the 1st quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock worth $706,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

NYSE:PM traded down $0.16 during midday trading on Friday, reaching $160.92. 4,541,084 shares of the company traded hands, compared to its average volume of 5,803,806. Philip Morris International Inc. has a twelve month low of $112.43 and a twelve month high of $186.69. The firm has a market capitalization of $250.47 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.51. The company has a fifty day moving average price of $178.86 and a 200 day moving average price of $160.14.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.05. Philip Morris International had a negative return on equity of 120.86% and a net margin of 10.57%. The company had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. During the same quarter in the previous year, the firm posted $1.59 EPS. The firm's quarterly revenue was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 3.36%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Analyst Ratings Changes

PM has been the subject of a number of recent research reports. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Bank of America raised their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Stifel Nicolaus raised their price target on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research note on Thursday, April 24th. Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Barclays reissued an "overweight" rating on shares of Philip Morris International in a research note on Tuesday. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $186.73.

Philip Morris International Company 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.