Yousif Capital Management LLC Cuts Holdings in Philip Morris International Inc. $PM

Key Points

• Yousif Capital Management LLC has reduced its stake in Philip Morris International (PM) by 2.9%, selling 3,400 shares, and now holds 114,534 shares valued at approximately $20.86 million.
• Philip Morris recently increased its quarterly dividend from $1.35 to $1.47 per share, resulting in an annualized yield of 3.7% despite a payout ratio of 111.79%.
• Analysts maintain a consensus "Moderate Buy" rating for Philip Morris stocks, with a target price averaging $195.44, indicating optimism about the company's future performance.

Yousif Capital Management LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 114,534 shares of the company's stock after selling 3,400 shares during the period. Yousif Capital Management LLC's holdings in Philip Morris International were worth $20,860,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Lion Street Advisors LLC boosted its stake in Philip Morris International by 5.6% during the 2nd quarter. Lion Street Advisors LLC now owns 4,609 shares of the company's stock valued at $839,000 after purchasing an additional 245 shares during the last quarter. MGO One Seven LLC lifted its holdings in shares of Philip Morris International by 23.3% during the 2nd quarter. MGO One Seven LLC now owns 30,527 shares of the company's stock valued at $5,560,000 after buying an additional 5,763 shares during the period. Cypress Capital Group lifted its holdings in shares of Philip Morris International by 4.1% during the 2nd quarter. Cypress Capital Group now owns 50,200 shares of the company's stock valued at $9,143,000 after buying an additional 1,956 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Philip Morris International by 2.2% during the 2nd quarter. Leith Wheeler Investment Counsel Ltd. now owns 84,695 shares of the company's stock valued at $15,426,000 after buying an additional 1,783 shares during the period. Finally, Almanack Investment Partners LLC. lifted its holdings in shares of Philip Morris International by 230.0% during the 2nd quarter. Almanack Investment Partners LLC. now owns 4,897 shares of the company's stock valued at $892,000 after buying an additional 3,413 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of Philip Morris International stock opened at $160.51 on Monday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The stock's fifty day moving average is $164.24 and its 200 day moving average is $168.87. The stock has a market cap of $249.85 billion, a P/E ratio of 30.52, a P/E/G ratio of 2.34 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last announced its earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The company had revenue of $8.12 billion for the quarter. Analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Shareholders of record on Friday, October 3rd will be issued a dividend of $1.47 per share. This is a boost from Philip Morris International's previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Friday, October 3rd. Philip Morris International's payout ratio is 111.79%.

Analyst Ratings Changes

Several research firms have recently weighed in on PM. Citigroup reissued a "buy" rating on shares of Philip Morris International in a report on Thursday, September 4th. UBS Group lowered their price target on Philip Morris International from $177.00 to $166.00 and set a "neutral" rating on the stock in a report on Friday, September 5th. KGI Securities began coverage on Philip Morris International in a report on Monday, August 4th. They set an "outperform" rating on the stock. Jefferies Financial Group began coverage on Philip Morris International in a report on Wednesday, July 9th. They set a "buy" rating and a $220.00 price target on the stock. Finally, Needham & Company LLC reissued a "buy" rating and set a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Eleven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $195.44.

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.

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