SYM FINANCIAL Corp Has $296,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

SYM FINANCIAL Corp lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 50.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,864 shares of the company's stock after selling 1,873 shares during the period. SYM FINANCIAL Corp's holdings in Philip Morris International were worth $296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its holdings in Philip Morris International by 19,986.5% in the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company's stock valued at $712,210,000 after purchasing an additional 4,464,590 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company's stock valued at $656,303,000 after purchasing an additional 4,298,530 shares during the last quarter. Capital World Investors grew its holdings in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company's stock valued at $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. Geode Capital Management LLC grew its holdings in Philip Morris International by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company's stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Lone Pine Capital LLC grew its holdings in Philip Morris International by 44.4% in the fourth quarter. Lone Pine Capital LLC now owns 6,468,372 shares of the company's stock valued at $778,469,000 after purchasing an additional 1,987,716 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

NYSE:PM traded down $0.16 during midday trading on Friday, reaching $160.92. 4,541,084 shares of the company traded hands, compared to its average volume of 5,803,806. Philip Morris International Inc. has a twelve month low of $112.43 and a twelve month high of $186.69. The firm has a market capitalization of $250.47 billion, a price-to-earnings ratio of 30.59, a price-to-earnings-growth ratio of 2.30 and a beta of 0.51. The company has a fifty day moving average price of $178.86 and a 200 day moving average price of $160.14.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.86 by $0.05. The business had revenue of $10.14 billion during the quarter, compared to analyst estimates of $10.33 billion. Philip Morris International had a negative return on equity of 120.86% and a net margin of 10.57%. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.59 EPS. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Friday, June 27th. Philip Morris International's dividend payout ratio is presently 102.66%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Bank of America increased their price objective 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. Stifel Nicolaus increased their price objective on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Jefferies Financial Group initiated coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a "buy" rating and a $220.00 price target on the stock. Finally, Citigroup reissued an "overweight" rating on shares of Philip Morris International in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $186.73.

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.