Philip Morris International Inc. (NYSE:PM) Stock Position Cut by Castleview Partners LLC

Castleview Partners LLC lessened its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 43.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,887 shares of the company's stock after selling 4,471 shares during the period. Castleview Partners LLC's holdings in Philip Morris International were worth $934,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PM. Lloyd Advisory Services LLC. boosted its position in Philip Morris International by 3.3% in the first quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company's stock valued at $323,000 after buying an additional 64 shares in the last quarter. Omnia Family Wealth LLC lifted its position in shares of Philip Morris International by 1.7% during the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company's stock worth $469,000 after purchasing an additional 65 shares in the last quarter. Wagner Wealth Management LLC lifted its position in shares of Philip Morris International by 1.0% during the first quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company's stock worth $1,025,000 after purchasing an additional 67 shares in the last quarter. Sonora Investment Management Group LLC lifted its position in shares of Philip Morris International by 0.6% during the first quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company's stock worth $1,784,000 after purchasing an additional 68 shares in the last quarter. Finally, Essex Savings Bank lifted its position in shares of Philip Morris International by 2.0% during the first quarter. Essex Savings Bank now owns 3,443 shares of the company's stock worth $547,000 after purchasing an additional 69 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Philip Morris International Price Performance

Shares of NYSE PM opened at $182.57 on Friday. Philip Morris International Inc. has a fifty-two week low of $98.93 and a fifty-two week high of $186.69. The firm has a market capitalization of $284.18 billion, a P/E ratio of 37.64, a P/E/G ratio of 2.65 and a beta of 0.52. The company's 50 day simple moving average is $173.82 and its 200 day simple moving average is $150.99.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $9.30 billion during the quarter, compared to the consensus estimate of $9.10 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The business's quarterly revenue was up 5.8% on a year-over-year basis. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International's payout ratio is presently 111.34%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PM shares. UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Saturday. Bank of America upped their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Needham & Company LLC started coverage on shares of Philip Morris International in a research report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Barclays reiterated an "overweight" rating and set a $220.00 target price (up from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. One research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and an average price target of $176.80.

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.

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