M&R Capital Management Inc. Cuts Stake in Philip Morris International Inc. (NYSE:PM)

M&R Capital Management Inc. decreased its holdings in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 18.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,335 shares of the company’s stock after selling 527 shares during the quarter. M&R Capital Management Inc.’s holdings in Philip Morris International were worth $214,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of PM. Capital Research Global Investors raised its holdings in shares of Philip Morris International by 9.1% during the 4th quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after acquiring an additional 4,869,272 shares during the period. Wellington Management Group LLP boosted its position in Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after buying an additional 3,121,732 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Philip Morris International by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after acquiring an additional 125,919 shares in the last quarter. Northern Trust Corp increased its holdings in Philip Morris International by 0.6% during the 4th quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock worth $1,234,963,000 after purchasing an additional 77,820 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Philip Morris International by 25.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock valued at $996,104,000 after purchasing an additional 2,123,311 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus raised their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Philip Morris International currently has an average rating of “Hold” and an average target price of $105.50.

Check Out Our Latest Research Report on Philip Morris International

Insiders Place Their Bets

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

Philip Morris International Price Performance

PM traded down $1.18 during midday trading on Tuesday, reaching $100.87. 3,318,358 shares of the company’s stock were exchanged, compared to its average volume of 5,430,814. The business’s 50-day moving average price is $98.09 and its 200 day moving average price is $94.39. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $104.90. The stock has a market capitalization of $156.81 billion, a PE ratio of 19.57, a P/E/G ratio of 2.10 and a beta of 0.57.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.38 earnings per share. As a group, analysts expect that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio is currently 101.56%.

About Philip Morris International

(Free Report)

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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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