OneDigital Investment Advisors LLC Sells 5,821 Shares of Philip Morris International Inc. (NYSE:PM)

OneDigital Investment Advisors LLC cut its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 19.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,874 shares of the company's stock after selling 5,821 shares during the period. OneDigital Investment Advisors LLC's holdings in Philip Morris International were worth $3,948,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of PM. Vanguard Group Inc. grew its stake in Philip Morris International by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company's stock worth $16,780,688,000 after buying an additional 1,167,810 shares during the last quarter. Capital World Investors boosted its holdings in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares in the last quarter. GQG Partners LLC boosted its holdings in shares of Philip Morris International by 14.3% in the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC grew its position in Philip Morris International by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock worth $4,241,837,000 after acquiring an additional 3,185,258 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Philip Morris International by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company's stock valued at $2,079,262,000 after purchasing an additional 516,617 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $179.00 on Friday. The stock has a market cap of $278.62 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.59 and a beta of 0.51. The company has a 50 day moving average of $177.14 and a 200-day moving average of $154.80. Philip Morris International Inc. has a one year low of $101.62 and a one year high of $186.69.

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

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders 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 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 Ratings Changes

A number of equities analysts have commented on PM shares. Wall Street Zen raised Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Stifel Nicolaus upped their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Bank of America raised their price objective 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. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Needham & Company LLC began coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $176.80.

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.

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