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Morningstar Investment Services LLC Lowers Stock Position in Philip Morris International Inc. (NYSE:PM)

Philip Morris International logo with Consumer Staples background

Morningstar Investment Services LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 49.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 45,585 shares of the company's stock after selling 45,034 shares during the quarter. Philip Morris International comprises 1.3% of Morningstar Investment Services LLC's holdings, making the stock its 14th largest position. Morningstar Investment Services LLC's holdings in Philip Morris International were worth $7,236,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC lifted its holdings in Philip Morris International by 14.3% in the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after acquiring an additional 4,464,590 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock valued at $656,303,000 after acquiring an additional 4,298,530 shares during the last quarter. 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 valued at $14,752,926,000 after acquiring an additional 4,216,586 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after purchasing an additional 3,185,258 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on PM. Barclays upped their price target on Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. UBS Group set a $181.00 price target on Philip Morris International and gave the stock a "neutral" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Stifel Nicolaus increased their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Citigroup increased their price objective on Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.73.

View Our Latest Stock Report on Philip Morris International

Philip Morris International Trading Down 0.2%

PM stock traded down $0.42 during trading on Friday, hitting $178.75. 4,649,814 shares of the company's stock were exchanged, compared to its average volume of 5,666,761. The business has a 50-day moving average price of $178.83 and a two-hundred day moving average price of $158.83. The stock has a market capitalization of $278.23 billion, a price-to-earnings ratio of 36.86, a PEG ratio of 2.56 and a beta of 0.51. Philip Morris International Inc. has a 52-week low of $106.76 and a 52-week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the previous year, the firm earned $1.50 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate 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. Investors of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio is currently 111.34%.

Philip Morris International Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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