Philip Morris International Inc. (NYSE:PM) Shares Sold by Country Club Bank

Country Club Bank decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 14.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,620 shares of the company's stock after selling 12,448 shares during the period. Country Club Bank's holdings in Philip Morris International were worth $11,113,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PM. GQG Partners LLC raised its stake in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company's stock worth $5,866,678,000 after buying an additional 6,092,558 shares during the period. GAMMA Investing LLC grew its holdings in shares of Philip Morris International by 19,986.5% during the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock worth $712,210,000 after purchasing an additional 4,464,590 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in shares of Philip Morris International by 372.2% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock worth $656,303,000 after purchasing an additional 4,298,530 shares during the period. Capital World Investors boosted its holdings in Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares during the period. Finally, Geode Capital Management LLC boosted its holdings 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 valued at $4,241,837,000 after acquiring an additional 3,185,258 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Analyst Ratings Changes

PM has been the subject of a number of research analyst reports. Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating for the company. Morgan Stanley restated an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday. Jefferies Financial Group initiated coverage on Philip Morris International in a report on Wednesday. They set a "buy" rating and a $220.00 target price for the company. Finally, Stifel Nicolaus increased their price target on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $185.73.

Philip Morris International Stock Down 0.7%

Shares of Philip Morris International stock traded down $1.26 during trading on Friday, reaching $179.73. The company's stock had a trading volume of 3,430,602 shares, compared to its average volume of 5,634,992. Philip Morris International Inc. has a 12-month low of $104.84 and a 12-month high of $186.69. The company has a market capitalization of $279.75 billion, a P/E ratio of 37.06, a price-to-earnings-growth ratio of 2.63 and a beta of 0.51. The business has a 50 day moving average price of $177.87 and a 200-day moving average price of $156.13.

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

Philip Morris International Announces Dividend

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