MGO One Seven LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 10.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,764 shares of the company's stock after selling 3,027 shares during the quarter. MGO One Seven LLC's holdings in Philip Morris International were worth $3,931,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC lifted its position in shares of Philip Morris International by 0.4% in the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock worth $2,236,000 after buying an additional 60 shares during the last quarter. TBH Global Asset Management LLC lifted its position 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 buying an additional 61 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its position 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 buying an additional 63 shares during the last quarter. Lloyd Advisory Services LLC. lifted its position in shares of 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 last quarter. Finally, Western Wealth Management LLC lifted its position in shares of Philip Morris International by 1.5% in the 1st quarter. Western Wealth Management LLC now owns 4,446 shares of the company's stock worth $706,000 after buying an additional 64 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently weighed in on PM. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. 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 research report on Wednesday, June 4th. Barclays cut their price objective on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 30th. UBS Group lifted their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $186.27.
Check Out Our Latest Stock Analysis on PM
Philip Morris International Price Performance
Shares of PM traded up $1.19 during mid-day trading on Tuesday, hitting $164.18. The company's stock had a trading volume of 2,326,262 shares, compared to its average volume of 6,148,050. The firm has a 50-day moving average price of $177.24 and a 200 day moving average price of $162.48. The stock has a market capitalization of $255.55 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 2.37 and a beta of 0.48. Philip Morris International Inc. has a fifty-two week low of $113.20 and a fifty-two week high of $186.69.
Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion for the quarter, compared to analysts' expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.59 EPS. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.
Philip Morris International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio (DPR) is 102.66%.
About Philip Morris International
(
Free Report)
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.
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