Arlington Partners LLC lessened its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 16.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,910 shares of the company's stock after selling 5,895 shares during the quarter. Philip Morris International makes up approximately 1.9% of Arlington Partners LLC's holdings, making the stock its 7th biggest holding. Arlington Partners LLC's holdings in Philip Morris International were worth $4,748,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. NewSquare Capital LLC raised its position in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the period. Pacifica Partners Inc. lifted its stake in Philip Morris International by 115.0% in the first quarter. Pacifica Partners Inc. now owns 215 shares of the company's stock valued at $35,000 after buying an additional 115 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of Philip Morris International during the first quarter valued at $38,000. Ameriflex Group Inc. bought a new position in shares of Philip Morris International during the fourth quarter worth about $36,000. Finally, Knuff & Co LLC acquired a new stake in shares of Philip Morris International in the 4th quarter worth about $36,000. Institutional investors own 78.63% of the company's stock.
Philip Morris International Trading Up 0.6%
Shares of NYSE:PM traded up $1.01 during trading on Thursday, hitting $180.61. 5,801,809 shares of the company's stock were exchanged, compared to its average volume of 5,610,718. Philip Morris International Inc. has a 1-year low of $100.80 and a 1-year high of $186.69. The firm has a market cap of $281.13 billion, a P/E ratio of 37.24, a PEG ratio of 2.60 and a beta of 0.52. The firm has a 50-day moving average price of $175.25 and a two-hundred day moving average price of $152.07.
Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The firm had revenue of $9.30 billion during the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The business's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.50 earnings per share. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current 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 paid a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a yield of 2.99%. Philip Morris International's payout ratio is 111.34%.
Analysts Set New Price Targets
Several research analysts have commented on the stock. 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. Stifel Nicolaus raised their target price on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Citigroup lifted their target price on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Barclays reissued an "overweight" rating and set a $220.00 price target (up from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Finally, Needham & Company LLC assumed coverage on shares of Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating for the company. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $176.80.
View Our Latest Stock Report on PM
About Philip Morris International
(
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.
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