Generali Investments CEE investicni spolecnost a.s. Has $4.73 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Generali Investments CEE investicni spolecnost a.s. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 11.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,812 shares of the company's stock after selling 3,688 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in Philip Morris International were worth $4,732,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. Pacifica Partners Inc. increased 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 valued at $35,000 after buying an additional 115 shares during the period. Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the 1st quarter valued at $35,000. Knuff & Co LLC acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Ball & Co Wealth Management Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. acquired a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 1.8%

Shares of Philip Morris International stock 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 5,642,713. The company has a market capitalization of $278.62 billion, a price-to-earnings ratio of 36.91, a P/E/G ratio of 2.59 and a beta of 0.51. The stock has a fifty day moving average price of $177.14 and a two-hundred day moving average price of $154.59. Philip Morris International Inc. has a 52 week low of $101.62 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last released 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 business had revenue of $9.30 billion for the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. On average, equities analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

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

Wall Street Analysts Forecast Growth

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

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.