Philip Morris International Inc. (NYSE:PM) Stock Position Decreased by Catalina Capital Group LLC

Catalina Capital Group LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 61.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,326 shares of the company’s stock after selling 3,666 shares during the period. Catalina Capital Group LLC’s holdings in Philip Morris International were worth $369,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. NewSquare Capital LLC grew its position in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Pacifica Partners Inc. lifted its stake in Philip Morris International by 115.0% during the first quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after purchasing an additional 115 shares during the last quarter. Knuff & Co LLC acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $36,000. Ball & Co Wealth Management Inc. acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $36,000. Finally, Ameriflex Group Inc. acquired a new stake in Philip Morris International during the fourth quarter valued at approximately $36,000. Institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PM shares. Morgan Stanley restated an “overweight” rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Stifel Nicolaus increased their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a “buy” rating in a research note on Thursday, April 24th. Barclays reaffirmed an “overweight” rating and set a $220.00 price objective (up from $205.00) on shares of Philip Morris International in a report on Friday, June 13th. Citigroup upped their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. Finally, Bank of America increased their price target 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. Two analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and an average price target of $176.80.

Philip Morris International Stock Performance

Shares of PM opened at $182.44 on Thursday. Philip Morris International Inc. has a twelve month low of $98.93 and a twelve month high of $186.69. The firm’s 50 day moving average price is $172.62 and its two-hundred day moving average price is $150.28. The firm has a market cap of $283.97 billion, a P/E ratio of 37.62, a PEG ratio of 2.66 and a beta of 0.52.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.50 earnings per share. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s payout ratio is presently 111.34%.

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.