Philip Morris International Inc. (NYSE:PM) Shares Sold by MGO One Seven LLC

Key Points

• MGO One Seven LLC reduced its holdings in Philip Morris International by 10.9% in Q1, now owning 24,764 shares valued at approximately $3.93 million.
• Philip Morris International's most recent earnings report showed an EPS of $1.91, exceeding the consensus estimate of $1.86, although revenue fell short of expectations at $10.14 billion.
• The company announced a quarterly dividend of $1.35 per share, representing a 3.3% yield, with a payout ratio of 102.66%.

MGO One Seven LLC decreased its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 10.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC increased its holdings in shares of Philip Morris International by 0.4% during the first quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company's stock valued at $2,236,000 after purchasing an additional 60 shares during the period. TBH Global Asset Management LLC grew its position in 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 valued at $1,100,000 after buying an additional 61 shares in the last quarter. Capital Advisors Wealth Management LLC increased its stake in Philip Morris International by 2.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company's stock valued at $477,000 after buying an additional 63 shares during the period. Lloyd Advisory Services LLC. raised its position in shares of Philip Morris International by 3.3% during 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 in the last quarter. Finally, Western Wealth Management LLC lifted its stake 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 acquiring an additional 64 shares during the period. Institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Up 1.2%

NYSE:PM opened at $164.04 on Friday. The stock has a fifty day simple moving average of $177.85 and a 200 day simple moving average of $161.30. The firm has a market capitalization of $255.35 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 2.36 and a beta of 0.51. Philip Morris International Inc. has a 1-year low of $113.15 and a 1-year high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The company reported $1.91 EPS for the quarter, topping the consensus estimate of $1.86 by $0.05. The company had revenue of $10.14 billion during 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 for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the company posted $1.59 earnings per share. Equities analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.3%. The ex-dividend date was Friday, June 27th. Philip Morris International's payout ratio is presently 102.66%.

Wall Street Analysts Forecast Growth

PM has been the topic of a number of research analyst reports. Jefferies Financial Group assumed coverage on shares of Philip Morris International in a research note on Wednesday, July 9th. They set a "buy" rating and a $220.00 price objective on the stock. Bank of America increased their price target on Philip Morris International from $182.00 to $200.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Citigroup reissued an "overweight" rating on shares of Philip Morris International in a research note on Tuesday, July 22nd. Needham & Company LLC restated a "buy" rating and issued a $195.00 price objective on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, Barclays lowered their target price on Philip Morris International from $225.00 to $220.00 and set an "overweight" rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $186.27.

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.

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