Philip Morris International Inc. $PM Holdings Lowered by Strs Ohio

Strs Ohio lowered its stake in Philip Morris International Inc. (NYSE:PM) by 4.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 478,298 shares of the company’s stock after selling 23,844 shares during the quarter. Strs Ohio’s holdings in Philip Morris International were worth $77,580,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Atlas Legacy Advisors LLC lifted its position in shares of Philip Morris International by 31.9% in the 3rd quarter. Atlas Legacy Advisors LLC now owns 1,881 shares of the company’s stock valued at $305,000 after acquiring an additional 455 shares in the last quarter. Accredited Investors Inc. lifted its holdings in shares of Philip Morris International by 7.2% in the third quarter. Accredited Investors Inc. now owns 4,869 shares of the company’s stock valued at $790,000 after purchasing an additional 326 shares in the last quarter. BIP Wealth LLC boosted its position in shares of Philip Morris International by 32.9% in the third quarter. BIP Wealth LLC now owns 7,408 shares of the company’s stock worth $1,202,000 after buying an additional 1,832 shares during the period. Fiducient Advisors LLC grew its holdings in shares of Philip Morris International by 10.7% during the third quarter. Fiducient Advisors LLC now owns 1,422 shares of the company’s stock valued at $231,000 after buying an additional 138 shares in the last quarter. Finally, Triad Wealth Partners LLC raised its position in Philip Morris International by 7.0% during the third quarter. Triad Wealth Partners LLC now owns 2,926 shares of the company’s stock valued at $475,000 after buying an additional 191 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.7%

NYSE:PM opened at $170.00 on Friday. The company’s 50 day moving average is $158.87 and its 200-day moving average is $161.65. Philip Morris International Inc. has a 12 month low of $122.76 and a 12 month high of $186.69. The firm has a market cap of $264.63 billion, a price-to-earnings ratio of 30.80, a P/E/G ratio of 1.82 and a beta of 0.40.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Friday, October 24th. The company reported $2.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.14. The company had revenue of $10.85 billion during the quarter, compared to analysts’ expectations of $10.67 billion. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.91 EPS. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Friday, December 26th were paid a $1.47 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $5.88 annualized dividend and a yield of 3.5%. Philip Morris International’s payout ratio is currently 106.52%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on PM shares. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. JPMorgan Chase & Co. decreased their target price on shares of 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. Jefferies Financial Group downgraded Philip Morris International from a “buy” rating to a “hold” rating and lowered their target price for the company from $220.00 to $180.00 in a research note on Tuesday. Barclays reduced their price target on Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Philip Morris International in a report on Wednesday, October 8th. Eleven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $184.56.

About Philip Morris International

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.