Philip Morris International Inc. $PM Shares Sold by Bill Few Associates Inc.

Bill Few Associates Inc. reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 14.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,382 shares of the company’s stock after selling 1,086 shares during the period. Bill Few Associates Inc.’s holdings in Philip Morris International were worth $1,162,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Abound Wealth Management boosted its stake in shares of Philip Morris International by 566.7% in the second quarter. Abound Wealth Management now owns 160 shares of the company’s stock worth $29,000 after acquiring an additional 136 shares during the last quarter. Kelly Lawrence W & Associates Inc. CA acquired a new stake in shares of Philip Morris International in the first quarter worth approximately $30,000. CBIZ Investment Advisory Services LLC boosted its stake in shares of Philip Morris International by 405.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 202 shares of the company’s stock worth $32,000 after acquiring an additional 162 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Philip Morris International in the first quarter worth approximately $34,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Philip Morris International in the first quarter worth approximately $35,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group assumed coverage on Philip Morris International in a research note on Wednesday, July 9th. They issued a “buy” rating and a $220.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a research note on Wednesday, July 23rd. Citigroup reaffirmed a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. KGI Securities initiated coverage on Philip Morris International in a research note on Monday, August 4th. They set an “outperform” rating on the stock. Finally, Wall Street Zen cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Eleven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.44.

Philip Morris International Stock Up 2.3%

NYSE PM opened at $160.51 on Monday. Philip Morris International Inc. has a 52 week low of $116.12 and a 52 week high of $186.69. The business’s fifty day simple moving average is $164.24 and its 200-day simple moving average is $168.87. The firm has a market cap of $249.85 billion, a PE ratio of 30.52, a P/E/G ratio of 2.34 and a beta of 0.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, March 28th. The company reported $1.59 EPS for the quarter. Philip Morris International had a negative return on equity of 120.86% and a net margin of 9.03%.The business had revenue of $8.12 billion for the quarter. Research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Friday, October 3rd will be paid a $1.47 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, October 3rd. This represents a $5.88 annualized dividend and a dividend yield of 3.7%. Philip Morris International’s dividend payout ratio is currently 111.79%.

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.