Aurdan Capital Management LLC Has $8.77 Million Position in Philip Morris International Inc. (NYSE:PM)

Aurdan Capital Management LLC reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 10.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 55,245 shares of the company's stock after selling 6,680 shares during the quarter. Philip Morris International accounts for about 3.3% of Aurdan Capital Management LLC's holdings, making the stock its 10th largest holding. Aurdan Capital Management LLC's holdings in Philip Morris International were worth $8,769,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PM. Pacifica Partners Inc. grew its position in Philip Morris International by 115.0% during the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock worth $35,000 after acquiring an additional 115 shares during the last quarter. Redmont Wealth Advisors LLC bought a new position in Philip Morris International during the 1st quarter worth approximately $35,000. Knuff & Co LLC bought a new position in Philip Morris International during the 4th quarter worth approximately $36,000. Ball & Co Wealth Management Inc. bought a new position in Philip Morris International during the 4th quarter worth approximately $36,000. Finally, Ameriflex Group Inc. bought a new position in Philip Morris International during the 4th quarter worth approximately $36,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays raised their price target on Philip Morris International from $220.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday. Morgan Stanley reiterated 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. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $175.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday. Wall Street Zen cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Jefferies Financial Group started coverage on Philip Morris International in a report on Wednesday. They issued a "buy" rating and a $220.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $185.73.

Philip Morris International Stock Performance

Shares of PM traded down $1.26 on Friday, reaching $179.73. The stock had a trading volume of 3,430,602 shares, compared to its average volume of 5,643,398. The firm has a market capitalization of $279.75 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.60 and a beta of 0.51. The company has a 50-day simple moving average of $178.05 and a 200-day simple moving average of $157.00. Philip Morris International Inc. has a 12-month low of $104.84 and a 12-month high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The company had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter last year, the company earned $1.50 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts expect 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 will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date is Friday, June 27th. Philip Morris International's payout ratio is 111.34%.

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.