Pettyjohn Wood & White Inc. reduced its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 52.5% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 9,382 shares of the company's stock after selling 10,363 shares during the period. Pettyjohn Wood & White Inc.'s holdings in Philip Morris International were worth $1,489,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacifica Partners Inc. grew its position in shares of Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after acquiring an additional 115 shares during the period. Redmont Wealth Advisors LLC bought a new position in Philip Morris International during the first quarter valued at $35,000. Ball & Co Wealth Management Inc. purchased a new stake in Philip Morris International in the fourth quarter worth $36,000. Ameriflex Group Inc. bought a new stake in shares of Philip Morris International in the fourth quarter valued at $36,000. Finally, Inlight Wealth Management LLC purchased a new position in shares of Philip Morris International during the 1st quarter valued at $38,000. 78.63% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several analysts have recently issued reports on the stock. Wall Street Zen raised shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Morgan Stanley reiterated an "overweight" rating and issued a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research note on Thursday, April 24th. Barclays cut their price target on shares of Philip Morris International from $225.00 to $220.00 and set an "overweight" rating for the company in a report on Wednesday, July 30th. Needham & Company LLC reissued a "buy" rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Finally, UBS Group increased their price target on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a "neutral" rating in a report on Monday, July 14th. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company's stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $186.27.
Get Our Latest Report on PM
Philip Morris International Stock Up 0.5%
Shares of Philip Morris International stock traded up $0.88 on Tuesday, hitting $163.87. The stock had a trading volume of 2,509,874 shares, compared to its average volume of 6,149,103. The stock's 50-day simple moving average is $177.24 and its two-hundred day simple moving average is $162.48. Philip Morris International Inc. has a one year low of $113.20 and a one year high of $186.69. The stock has a market cap of $255.08 billion, a price-to-earnings ratio of 31.15, a PEG ratio of 2.37 and a beta of 0.48.
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 firm 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 company'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 company earned $1.59 earnings per share. As a group, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.
Philip Morris International Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, June 27th. Philip Morris International's dividend payout ratio is currently 102.66%.
Philip Morris International Profile
(
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.
Read More

Before you consider Philip Morris International, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Philip Morris International wasn't on the list.
While Philip Morris International currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.