Philip Morris International Inc. (NYSE:PM) Shares Sold by RKL Wealth Management LLC

RKL Wealth Management LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 18.4% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 14,308 shares of the company's stock after selling 3,230 shares during the period. RKL Wealth Management LLC's holdings in Philip Morris International were worth $2,271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PM. Vontobel Holding Ltd. grew its stake in shares of Philip Morris International by 7,414.9% in the first quarter. Vontobel Holding Ltd. now owns 559,481 shares of the company's stock valued at $88,806,000 after buying an additional 552,036 shares in the last quarter. Astoria Portfolio Advisors LLC. boosted its holdings in Philip Morris International by 17.4% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 7,219 shares of the company's stock worth $1,214,000 after acquiring an additional 1,069 shares during the period. Salomon & Ludwin LLC grew its position in Philip Morris International by 2.5% in the first quarter. Salomon & Ludwin LLC now owns 29,423 shares of the company's stock valued at $4,670,000 after acquiring an additional 715 shares in the last quarter. West Bancorporation Inc. purchased a new stake in shares of Philip Morris International during the first quarter valued at approximately $229,000. Finally, Mather Group LLC. lifted its position in shares of Philip Morris International by 20.8% during the first quarter. Mather Group LLC. now owns 15,465 shares of the company's stock worth $2,455,000 after purchasing an additional 2,664 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $3.03 during midday trading on Thursday, hitting $178.94. The company's stock had a trading volume of 2,732,329 shares, compared to its average volume of 6,059,642. Philip Morris International Inc. has a 1-year low of $100.80 and a 1-year high of $186.69. The firm's fifty day moving average price is $176.79 and its 200-day moving average price is $153.86. The firm has a market cap of $278.52 billion, a P/E ratio of 36.89, a P/E/G ratio of 2.57 and a beta of 0.51.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 122.40% and a net margin of 8.43%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. As a group, research analysts predict 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 will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be issued a $1.35 dividend. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.02%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PM. Citigroup upped their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Bank of America raised 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. Needham & Company LLC started coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a "buy" rating on the stock. Finally, Wall Street Zen upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. One equities research analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Philip Morris International presently has an average rating of "Moderate Buy" and an average price target of $176.80.

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.