Schechter Investment Advisors LLC Sells 1,681 Shares of Philip Morris International Inc. (NYSE:PM)

Schechter Investment Advisors LLC reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,123 shares of the company's stock after selling 1,681 shares during the period. Schechter Investment Advisors LLC's holdings in Philip Morris International were worth $4,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PM. Brighton Jones LLC boosted its holdings in shares of Philip Morris International by 31.1% in the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company's stock worth $1,027,000 after acquiring an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company's stock worth $252,000 after acquiring an additional 91 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Philip Morris International by 60.4% in the 4th quarter. Proficio Capital Partners LLC now owns 3,863 shares of the company's stock worth $465,000 after acquiring an additional 1,455 shares in the last quarter. Impact Capital Partners LLC acquired a new position in shares of Philip Morris International in the 4th quarter worth approximately $242,000. Finally, Buckley Wealth Management LLC boosted its holdings in shares of Philip Morris International by 3.8% in the 4th quarter. Buckley Wealth Management LLC now owns 5,250 shares of the company's stock worth $632,000 after acquiring an additional 191 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $1.26 on Friday, hitting $179.73. 3,430,602 shares of the company's stock traded hands, compared to its average volume of 5,643,398. The firm's 50-day moving average price is $178.05 and its two-hundred day moving average price is $156.75. The stock has a market capitalization of $279.75 billion, a PE ratio of 37.06, a price-to-earnings-growth ratio of 2.61 and a beta of 0.51. Philip Morris International Inc. has a one year low of $104.84 and a one year high of $186.69.

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. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.50 EPS. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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 given 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 dividend payout ratio is currently 111.34%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PM. JPMorgan Chase & Co. upped 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. Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday. They set a "buy" rating and a $220.00 price objective on the stock. UBS Group raised Philip Morris International from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Needham & Company LLC began coverage on Philip Morris International in a report on Thursday, May 22nd. They set a "buy" rating on the stock. Finally, Stifel Nicolaus upped their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $185.73.

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.