Mutual of America Capital Management LLC Trims Stake in Philip Morris International Inc. (NYSE:PM)

Mutual of America Capital Management LLC reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 201,981 shares of the company's stock after selling 6,121 shares during the quarter. Philip Morris International makes up approximately 0.4% of Mutual of America Capital Management LLC's investment portfolio, making the stock its 28th biggest position. Mutual of America Capital Management LLC's holdings in Philip Morris International were worth $32,060,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC raised its holdings in Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after acquiring an additional 60 shares during the period. TBH Global Asset Management LLC raised its holdings in Philip Morris International by 0.9% during the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after acquiring an additional 61 shares during the period. Capital Advisors Wealth Management LLC raised its holdings in Philip Morris International by 2.1% during the first quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after acquiring an additional 63 shares during the period. Lloyd Advisory Services LLC. raised its holdings in Philip Morris International by 3.3% during the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after acquiring an additional 64 shares during the period. Finally, Western Wealth Management LLC raised its holdings in Philip Morris International by 1.5% during the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after acquiring an additional 64 shares during the period. 78.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research analyst reports. Bank of America raised their price objective on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the company from $130.00 to $170.00 in a research report on Friday, April 25th. Jefferies Financial Group initiated coverage on Philip Morris International in a research report on Wednesday. They set a "buy" rating and a $220.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Needham & Company LLC initiated coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating for the company. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $185.73.

Philip Morris International Price Performance

Shares of NYSE PM opened at $179.73 on Friday. The company has a market cap of $279.75 billion, a P/E ratio of 37.06, a PEG ratio of 2.61 and a beta of 0.51. Philip Morris International Inc. has a 1 year low of $104.84 and a 1 year high of $186.69. The firm has a 50-day simple moving average of $178.05 and a two-hundred day simple moving average of $156.75.

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

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

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.

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