San Luis Wealth Advisors LLC Cuts Stock Position in Philip Morris International Inc. (NYSE:PM)

San Luis Wealth Advisors LLC cut its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 25.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,276 shares of the company's stock after selling 1,779 shares during the quarter. San Luis Wealth Advisors LLC's holdings in Philip Morris International were worth $838,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Insigneo Advisory Services LLC lifted its position in Philip Morris International by 13.0% in the first quarter. Insigneo Advisory Services LLC now owns 9,138 shares of the company's stock worth $1,450,000 after buying an additional 1,053 shares during the last quarter. Wagner Wealth Management LLC lifted its position in Philip Morris International by 1.0% in the first quarter. Wagner Wealth Management LLC now owns 6,459 shares of the company's stock worth $1,025,000 after buying an additional 67 shares during the last quarter. Smith Shellnut Wilson LLC ADV lifted its position in Philip Morris International by 6.8% in the first quarter. Smith Shellnut Wilson LLC ADV now owns 6,130 shares of the company's stock worth $973,000 after buying an additional 391 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in shares of Philip Morris International by 16.7% during the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 3,044 shares of the company's stock worth $483,000 after purchasing an additional 435 shares during the last quarter. Finally, Vicus Capital bought a new stake in shares of Philip Morris International during the first quarter worth $207,000. 78.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Bank of America lifted their target price on Philip Morris International from $182.00 to $200.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Needham & Company LLC initiated coverage on Philip Morris International in a report on Thursday, May 22nd. They issued a "buy" rating for the company. Wall Street Zen lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Finally, UBS Group upgraded shares of Philip Morris International from a "sell" rating to a "neutral" rating and raised their price target for the company from $130.00 to $170.00 in a report on Friday, April 25th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $176.80.

Philip Morris International Stock Down 0.6%

Shares of NYSE PM opened at $183.24 on Tuesday. The business's 50 day moving average price is $171.37 and its 200 day moving average price is $149.82. The firm has a market cap of $285.21 billion, a P/E ratio of 40.63, a P/E/G ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $186.69.

Philip Morris International (NYSE:PM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business's revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share 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. Stockholders of record on Friday, June 27th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, June 27th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.95%. Philip Morris International's dividend payout ratio (DPR) is 111.34%.

Philip Morris International Company 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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