Orion Porfolio Solutions LLC Sells 11,195 Shares of Philip Morris International Inc. $PM

Orion Porfolio Solutions LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 5.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,303 shares of the company’s stock after selling 11,195 shares during the period. Orion Porfolio Solutions LLC’s holdings in Philip Morris International were worth $34,296,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Legacy Investment Solutions LLC bought a new stake in Philip Morris International during the second quarter valued at $25,000. Traub Capital Management LLC bought a new stake in shares of Philip Morris International during the 2nd quarter valued at about $25,000. Abound Wealth Management grew its holdings in shares of Philip Morris International by 566.7% during the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after purchasing an additional 136 shares in the last quarter. Estabrook Capital Management purchased a new position in shares of Philip Morris International during the second quarter worth about $30,000. Finally, Briaud Financial Planning Inc increased its position in shares of Philip Morris International by 266.7% in the second quarter. Briaud Financial Planning Inc now owns 165 shares of the company’s stock worth $30,000 after purchasing an additional 120 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 1.7%

Philip Morris International stock opened at $153.49 on Friday. The firm has a fifty day simple moving average of $153.62 and a two-hundred day simple moving average of $165.26. Philip Morris International Inc. has a twelve month low of $116.12 and a twelve month high of $186.69. The company has a market capitalization of $238.93 billion, a PE ratio of 27.81, a P/E/G ratio of 1.83 and a beta of 0.42.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. The firm had revenue of $8.12 billion for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%. As a group, equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th will be paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, December 26th. Philip Morris International’s dividend payout ratio is 106.52%.

Analyst Ratings Changes

A number of equities analysts have commented on PM shares. Morgan Stanley set a $175.00 price target on shares of Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Citigroup reiterated a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a research report on Tuesday, October 21st. JPMorgan Chase & Co. dropped their price target on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Twelve investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $189.00.

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.