Philip Morris International Inc. (NYSE:PM) Position Trimmed by Diversify Advisory Services LLC

Diversify Advisory Services LLC reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,903 shares of the company's stock after selling 3,325 shares during the period. Diversify Advisory Services LLC's holdings in Philip Morris International were worth $4,921,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Perigon Wealth Management LLC lifted its holdings in 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 in the last quarter. TBH Global Asset Management LLC grew its position in shares of Philip Morris International by 0.9% in the first quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock valued at $1,100,000 after purchasing an additional 61 shares during the last quarter. Capital Advisors Wealth Management LLC boosted its stake in shares of Philip Morris International by 2.1% in the first 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. lifted its stake in 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 purchasing an additional 64 shares during the last quarter. Finally, Western Wealth Management LLC increased its holdings in 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 purchasing an additional 64 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of NYSE:PM traded down $0.42 during trading on Friday, hitting $178.75. 4,649,814 shares of the company were exchanged, compared to its average volume of 5,666,761. The stock has a market capitalization of $278.23 billion, a P/E ratio of 36.86, a PEG ratio of 2.56 and a beta of 0.51. Philip Morris International Inc. has a 12-month low of $106.76 and a 12-month high of $186.69. The firm's 50 day moving average price is $178.83 and its 200-day moving average price is $158.83.

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

Philip Morris International Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PM shares. Citigroup lifted their price target on Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 target price on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Finally, Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Sunday. One 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $186.73.

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.