Janney Capital Management LLC Has $12.66 Million Position in Philip Morris International Inc. (NYSE:PM)

Janney Capital Management LLC lessened its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 79,724 shares of the company's stock after selling 4,041 shares during the quarter. Janney Capital Management LLC's holdings in Philip Morris International were worth $12,655,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PM. Lloyd Advisory Services LLC. increased its position in Philip Morris International by 3.3% in the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock worth $323,000 after buying an additional 64 shares during the period. Omnia Family Wealth LLC increased its position in Philip Morris International by 1.7% in the 4th quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock worth $469,000 after buying an additional 65 shares during the period. Wagner Wealth Management LLC increased its position in Philip Morris International by 1.0% in the 1st quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company's stock worth $1,025,000 after buying an additional 67 shares during the period. Sonora Investment Management Group LLC grew its holdings in shares of Philip Morris International by 0.6% during the 1st quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company's stock worth $1,784,000 after purchasing an additional 68 shares in the last quarter. Finally, Essex Savings Bank grew its holdings in shares of Philip Morris International by 2.0% during the 1st quarter. Essex Savings Bank now owns 3,443 shares of the company's stock worth $547,000 after purchasing an additional 69 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Trading Down 0.0%

PM stock traded down $0.04 during trading on Friday, hitting $182.57. The company had a trading volume of 10,713,275 shares, compared to its average volume of 5,649,314. The company has a fifty day moving average price of $173.25 and a two-hundred day moving average price of $150.63. The company has a market cap of $284.18 billion, a P/E ratio of 37.64, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.50 earnings per share. On average, analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.96%. 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

PM has been the topic of several recent research reports. Bank of America lifted their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Wall Street Zen lowered Philip Morris International from a "buy" rating to a "hold" rating in a report on Friday, May 30th. Stifel Nicolaus lifted their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Finally, Morgan Stanley reissued an "overweight" rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $176.80.

Philip Morris International 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.