Philip Morris International Inc. (NYSE:PM) Shares Sold by Code Waechter LLC

Code Waechter LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM) by 8.1% in the first quarter, HoldingsChannel reports. The firm owned 2,251 shares of the company’s stock after selling 199 shares during the quarter. Code Waechter LLC’s holdings in Philip Morris International were worth $357,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in PM. GQG Partners LLC grew its holdings in Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. GAMMA Investing LLC grew its holdings in Philip Morris International by 19,986.5% during the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock worth $712,210,000 after acquiring an additional 4,464,590 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Philip Morris International by 372.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock valued at $656,303,000 after buying an additional 4,298,530 shares in the last quarter. Capital World Investors boosted its holdings in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after buying an additional 4,216,586 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after buying an additional 3,185,258 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM stock opened at $178.70 on Thursday. Philip Morris International Inc. has a one year low of $101.68 and a one year high of $186.69. The company has a fifty day moving average of $177.65 and a 200-day moving average of $155.73. The stock has a market capitalization of $278.14 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 2.58 and a beta of 0.51.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter last year, the business earned $1.50 earnings per share. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s payout ratio is currently 111.34%.

Analysts Set New Price Targets

PM has been the subject of several research analyst reports. Bank of America upped their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Wall Street Zen upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. Citigroup upped their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, April 16th. Finally, UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and upped their price target for the company from $130.00 to $170.00 in a research report on Friday, April 25th. One investment analyst has rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $180.73.

Philip Morris International 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.