KBC Group NV Has $19.57 Million Holdings in Philip Morris International Inc. (NYSE:PM)

KBC Group NV reduced its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 123,276 shares of the company's stock after selling 6,600 shares during the quarter. KBC Group NV's holdings in Philip Morris International were worth $19,568,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Perigon Wealth Management LLC lifted its stake in Philip Morris International by 0.4% in the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after buying an additional 60 shares during the last quarter. TBH Global Asset Management LLC increased its holdings in shares of Philip Morris International by 0.9% in the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company's stock worth $1,100,000 after acquiring an additional 61 shares during the period. Capital Advisors Wealth Management LLC increased its holdings in shares of Philip Morris International by 2.1% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock worth $477,000 after acquiring an additional 63 shares during the period. Lloyd Advisory Services LLC. lifted 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 valued at $323,000 after purchasing an additional 64 shares during the last quarter. Finally, Western Wealth Management LLC boosted its stake in Philip Morris International by 1.5% during the 1st quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock valued at $706,000 after purchasing an additional 64 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Up 1.3%

Philip Morris International stock traded up $2.37 during midday trading on Thursday, hitting $178.28. The company's stock had a trading volume of 2,732,257 shares, compared to its average volume of 5,618,529. Philip Morris International Inc. has a 12 month low of $100.80 and a 12 month high of $186.69. The company has a market capitalization of $277.49 billion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.57 and a beta of 0.51. The stock's 50-day moving average price is $176.79 and its 200-day moving average price is $153.86.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates 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 business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the firm earned $1.50 EPS. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

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 dividend on an annualized basis and a dividend yield of 3.03%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Barclays restated an "overweight" rating and issued a $220.00 target price (up from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Bank of America boosted their price target on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Citigroup raised their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.