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

Generali Investments CEE investicni spolecnost a.s. decreased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 11.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,812 shares of the company's stock after selling 3,688 shares during the quarter. 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.

Several other institutional investors have also modified their holdings of the stock. Brighton Jones LLC raised its stake in Philip Morris International by 31.1% during the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after purchasing an additional 2,023 shares during the period. Revolve Wealth Partners LLC raised its stake 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 acquiring an additional 91 shares during the period. Proficio Capital Partners LLC raised its stake 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 acquiring an additional 1,455 shares during the period. E Fund Management Co. Ltd. raised its stake in shares of Philip Morris International by 62.1% in the 4th quarter. E Fund Management Co. Ltd. now owns 16,882 shares of the company's stock valued at $2,032,000 after acquiring an additional 6,467 shares during the period. Finally, Welch & Forbes LLC raised its stake in shares of Philip Morris International by 5.7% in the 4th quarter. Welch & Forbes LLC now owns 21,861 shares of the company's stock valued at $2,631,000 after acquiring an additional 1,174 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays reissued an "overweight" rating and issued a $220.00 price target (up from $205.00) on shares of Philip Morris International in a research note on Friday, June 13th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Citigroup lifted their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Needham & Company LLC assumed coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Finally, Bank of America lifted their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International Stock Up 1.8%

NYSE PM traded up $3.09 on Friday, hitting $179.00. 2,734,143 shares of the stock were exchanged, compared to its average volume of 5,642,713. Philip Morris International Inc. has a fifty-two week low of $101.62 and a fifty-two week high of $186.69. The company has a market cap of $278.62 billion, a PE ratio of 36.91, a PEG ratio of 2.59 and a beta of 0.51. The company has a 50-day moving average price of $177.14 and a 200-day moving average price of $155.03.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The company had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the previous year, the business posted $1.50 EPS. The firm's revenue was up 5.8% on a year-over-year basis. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is 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%.

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.