Mutual Advisors LLC Has $6.96 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Mutual Advisors LLC lessened its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,878 shares of the company's stock after selling 2,402 shares during the quarter. Mutual Advisors LLC's holdings in Philip Morris International were worth $6,959,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. NewSquare Capital LLC lifted its stake in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the last quarter. Pacifica Partners Inc. increased its holdings in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC bought a new stake in Philip Morris International in the 1st quarter valued at $35,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the 4th quarter valued at $36,000. Finally, Ball & Co Wealth Management Inc. acquired a new stake in Philip Morris International during the 4th quarter valued at $36,000. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 1.8%

PM traded up $3.09 during trading on Thursday, reaching $179.00. 2,734,143 shares of the stock traded hands, compared to its average volume of 5,634,419. The stock's 50-day moving average is $176.79 and its 200 day moving average is $153.86. Philip Morris International Inc. has a 12 month low of $100.80 and a 12 month high of $186.69. The stock has a market capitalization of $278.62 billion, a PE ratio of 36.91, a P/E/G ratio of 2.55 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. Philip Morris International's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

Analyst Upgrades and Downgrades

PM has been the topic of several research analyst reports. Morgan Stanley reissued an "overweight" rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Bank of America lifted their price target on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC assumed coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Finally, UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and raised their target price for the company from $130.00 to $170.00 in a report on Friday, April 25th. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and a consensus price target of $176.80.

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.