Financial Counselors Inc. Has $47.03 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Financial Counselors Inc. lessened its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 296,290 shares of the company's stock after selling 14,165 shares during the period. Financial Counselors Inc.'s holdings in Philip Morris International were worth $47,030,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC grew its holdings in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock valued at $252,000 after buying an additional 91 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of Philip Morris International by 60.4% in the 4th quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock valued at $465,000 after buying an additional 1,455 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings in shares of Philip Morris International by 69.1% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 20,884 shares of the company's stock valued at $2,542,000 after buying an additional 8,535 shares during the period. Finally, Larson Financial Group LLC lifted its position in Philip Morris International by 4.5% in the 4th quarter. Larson Financial Group LLC now owns 9,513 shares of the company's stock valued at $1,145,000 after acquiring an additional 413 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

NYSE:PM traded up $2.87 on Thursday, hitting $180.85. 5,208,523 shares of the company's stock were exchanged, compared to its average volume of 5,626,914. The firm has a 50-day moving average price of $177.65 and a 200-day moving average price of $155.73. Philip Morris International Inc. has a 52 week low of $101.68 and a 52 week high of $186.69. The company has a market cap of $281.50 billion, a P/E ratio of 37.29, a price-to-earnings-growth ratio of 2.58 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results 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 company 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%. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.50 EPS. On average, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company 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 $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.99%. Philip Morris International's payout ratio is 111.34%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. 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. Citigroup boosted their price objective on shares of Philip Morris International from $188.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday. Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, Argus raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. One analyst has rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $185.73.

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.