Nisa Investment Advisors LLC Has $77.47 Million Stock Position in Philip Morris International Inc. $PM

Nisa Investment Advisors LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 23.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 422,233 shares of the company’s stock after selling 131,913 shares during the period. Nisa Investment Advisors LLC’s holdings in Philip Morris International were worth $77,471,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC lifted its holdings in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after buying an additional 91 shares in the last quarter. GAMMA Investing LLC grew its holdings in Philip Morris International by 26.5% in the 1st quarter. GAMMA Investing LLC now owns 28,268 shares of the company’s stock valued at $4,487,000 after buying an additional 5,930 shares in the last quarter. Perigon Wealth Management LLC increased its position in Philip Morris International by 0.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock worth $2,236,000 after buying an additional 60 shares during the period. Finally, Western Wealth Management LLC lifted its holdings in shares of Philip Morris International by 1.5% during the first quarter. Western Wealth Management LLC now owns 4,446 shares of the company’s stock worth $706,000 after buying an additional 64 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.0%

NYSE PM opened at $157.69 on Friday. The firm’s 50 day simple moving average is $162.32 and its 200 day simple moving average is $168.98. The firm has a market capitalization of $245.45 billion, a price-to-earnings ratio of 28.57, a P/E/G ratio of 2.30 and a beta of 0.46. Philip Morris International Inc. has a 1 year low of $116.12 and a 1 year high of $186.69.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, March 28th. The company reported $1.59 earnings per share for the quarter. The firm had revenue of $8.12 billion during the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 11.02%. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were given a $1.47 dividend. 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 was Friday, October 3rd. Philip Morris International’s dividend payout ratio (DPR) is presently 106.52%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PM shares. Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a research note on Saturday. UBS Group cut their price objective on shares of Philip Morris International from $177.00 to $166.00 and set a “neutral” rating for the company in a report on Friday, September 5th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research note on Tuesday. Finally, Morgan Stanley set a $175.00 price target on Philip Morris International and gave the stock an “overweight” rating in a research report on Wednesday. Twelve research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.00.

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.