Philip Morris International Inc. $PM Shares Sold by Maia Wealth LLC

Maia Wealth LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 9.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,215 shares of the company’s stock after selling 437 shares during the quarter. Maia Wealth LLC’s holdings in Philip Morris International were worth $768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in PM. Brighton Jones LLC boosted its stake in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares in the last quarter. Capstone Wealth Management Group LLC purchased a new position in shares of Philip Morris International in the first quarter worth approximately $238,000. N.E.W. Advisory Services LLC grew its position in Philip Morris International by 5.7% during the 1st quarter. N.E.W. Advisory Services LLC now owns 3,027 shares of the company’s stock worth $480,000 after purchasing an additional 164 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Philip Morris International by 39.4% during the first quarter. Geneos Wealth Management Inc. now owns 30,101 shares of the company’s stock valued at $4,778,000 after buying an additional 8,512 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Down 0.5%

PM opened at $156.66 on Thursday. The stock’s 50 day moving average price is $155.90 and its two-hundred day moving average price is $166.93. The firm has a market capitalization of $243.87 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.86 and a beta of 0.43. Philip Morris International Inc. has a 12-month low of $116.12 and a 12-month high of $186.69.

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

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued 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 was Friday, October 3rd. This represents a $5.88 dividend on an annualized basis and a yield of 3.8%. Philip Morris International’s payout ratio is currently 106.52%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Philip Morris International from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Wednesday. 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 research report on Monday, November 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Finally, KGI Securities began coverage on shares of Philip Morris International in a research report on Monday, August 4th. They issued an “outperform” rating on the stock. Twelve equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.