American Capital Advisory LLC Has $3.38 Million Stake in Philip Morris International Inc. (NYSE:PM)

American Capital Advisory LLC cut its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 13.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,269 shares of the company's stock after selling 3,242 shares during the quarter. Philip Morris International comprises about 1.8% of American Capital Advisory LLC's investment portfolio, making the stock its 9th biggest position. American Capital Advisory LLC's holdings in Philip Morris International were worth $3,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC increased its position in shares of Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after acquiring an additional 60 shares during the last quarter. TBH Global Asset Management LLC increased its position in shares of 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 worth $1,100,000 after acquiring an additional 61 shares during the last quarter. Capital Advisors Wealth Management LLC increased its position in shares of 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 worth $477,000 after acquiring an additional 63 shares during the last quarter. Lloyd Advisory Services LLC. increased its position in shares of Philip Morris International by 3.3% during the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock worth $323,000 after acquiring an additional 64 shares during the last quarter. Finally, Western Wealth Management LLC increased its position in shares of Philip Morris International by 1.5% during the first 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 last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PM. Barclays reaffirmed an "overweight" rating and set a $220.00 target price (up from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Needham & Company LLC began coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Stifel Nicolaus lifted their target price on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Citigroup lifted their target price on Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. Finally, UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Philip Morris International has an average rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $3.09 during trading on Friday, reaching $179.00. The stock had a trading volume of 2,734,143 shares, compared to its average volume of 5,634,419. Philip Morris International Inc. has a one year low of $100.80 and a one year high of $186.69. The stock has a market cap of $278.62 billion, a PE ratio of 36.91, a P/E/G ratio of 2.55 and a beta of 0.51. The firm's 50 day moving average price is $176.97 and its two-hundred day moving average price is $154.23.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the business earned $1.50 EPS. The business's quarterly revenue was up 5.8% on a year-over-year basis. On average, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently announced 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 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

About Philip Morris International

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.