Philip Morris International Inc. (NYSE:PM) Shares Bought by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in Philip Morris International by 8.3%, owning approximately 1,131,100 shares worth about $179.54 million after buying additional shares in Q1.
• Philip Morris reported a quarterly earnings per share (EPS) of $1.91, surpassing analysts' expectations of $1.86, and had revenues of $10.14 billion, which was slightly below the projected $10.33 billion.
• The company announced a quarterly dividend of $1.35 per share, equating to an annualized dividend of $5.40 and a dividend yield of 3.32%.

Natixis Advisors LLC increased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 8.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,131,100 shares of the company's stock after purchasing an additional 86,632 shares during the period. Natixis Advisors LLC owned 0.07% of Philip Morris International worth $179,539,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Perigon Wealth Management LLC increased its holdings 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 purchasing an additional 60 shares during the period. TBH Global Asset Management LLC grew its position in Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after buying an additional 61 shares during the last quarter. Capital Advisors Wealth Management LLC increased its stake in Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after buying an additional 63 shares during the period. Lloyd Advisory Services LLC. raised 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 buying an additional 64 shares during the last quarter. Finally, Western Wealth Management LLC lifted its stake in shares of Philip Morris International by 1.5% in the 1st quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock worth $706,000 after acquiring an additional 64 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on PM. Citigroup reiterated an "overweight" rating on shares of Philip Morris International in a research note on Tuesday, July 22nd. UBS Group upped their price objective on Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. Barclays reduced their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 10th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $186.27.

Philip Morris International Stock Up 1.6%

Shares of PM traded up $2.70 during trading hours on Friday, reaching $166.75. 782,875 shares of the company traded hands, compared to its average volume of 6,130,603. The stock has a market capitalization of $259.55 billion, a PE ratio of 31.55, a price-to-earnings-growth ratio of 2.36 and a beta of 0.51. Philip Morris International Inc. has a fifty-two week low of $113.15 and a fifty-two week high of $186.69. The stock has a fifty day simple moving average of $177.85 and a 200 day simple moving average of $161.30.

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

Philip Morris International Dividend Announcement

The firm also recently announced 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. The ex-dividend date was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.2%. Philip Morris International's payout ratio is presently 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.