Burns Matteson Capital Management LLC Has $314,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Burns Matteson Capital Management LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 60.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,978 shares of the company's stock after selling 3,085 shares during the period. Burns Matteson Capital Management LLC's holdings in Philip Morris International were worth $314,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Pacifica Partners Inc. grew its stake in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after purchasing an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC purchased a new position in shares of Philip Morris International in the first quarter worth approximately $35,000. Inlight Wealth Management LLC purchased a new position in shares of Philip Morris International in the first quarter worth approximately $38,000. Ameriflex Group Inc. purchased a new position in shares of Philip Morris International in the fourth quarter worth approximately $36,000. Finally, Hughes Financial Services LLC purchased a new position in shares of Philip Morris International in the first quarter worth approximately $46,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of PM traded down $0.42 during mid-day trading on Friday, hitting $178.75. 4,649,814 shares of the company's stock were exchanged, compared to its average volume of 5,658,774. The company has a market cap of $278.23 billion, a PE ratio of 36.86, a P/E/G ratio of 2.63 and a beta of 0.51. Philip Morris International Inc. has a 52 week low of $106.76 and a 52 week high of $186.69. The company has a 50-day simple moving average of $178.64 and a 200 day simple moving average of $158.16.

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, topping the consensus estimate of $1.61 by $0.08. The company had revenue of $9.30 billion during 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business earned $1.50 EPS. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.02%. Philip Morris International's dividend payout ratio is presently 111.34%.

Analyst Upgrades and Downgrades

PM has been the topic of a number of research analyst reports. Bank of America boosted 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. UBS Group set a $181.00 price objective on shares of Philip Morris International and gave the company a "neutral" rating in a research report on Monday. Barclays boosted their price objective on shares of Philip Morris International from $220.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Morgan Stanley reiterated 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, JPMorgan Chase & Co. lifted their target price on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $186.73.

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.