Taylor Hoffman Capital Management LLC Sells 178 Shares of Philip Morris International Inc. (NYSE:PM)

Taylor Hoffman Capital Management LLC cut its position in Philip Morris International Inc. (NYSE:PM) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,465 shares of the company’s stock after selling 178 shares during the quarter. Taylor Hoffman Capital Management LLC’s holdings in Philip Morris International were worth $2,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of PM. Nuveen LLC purchased a new stake in Philip Morris International in the 1st quarter worth approximately $1,712,994,000. GAMMA Investing LLC increased its holdings in shares of Philip Morris International by 19,986.5% in the 1st quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock worth $712,210,000 after buying an additional 4,464,590 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in shares of Philip Morris International by 372.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after buying an additional 4,298,530 shares during the last quarter. Capital World Investors increased its holdings in shares of Philip Morris International by 3.6% in the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after buying an additional 4,216,586 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Philip Morris International by 57.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,794,530 shares of the company’s stock worth $1,554,686,000 after buying an additional 3,575,158 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 0.1%

Shares of PM opened at $170.41 on Tuesday. The stock has a market capitalization of $265.25 billion, a P/E ratio of 32.40, a PEG ratio of 2.48 and a beta of 0.48. The firm has a fifty day simple moving average of $176.05 and a two-hundred day simple moving average of $164.01. Philip Morris International Inc. has a twelve month low of $115.72 and a twelve month high of $186.69.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.05. The business had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.59 EPS. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, June 27th. This represents a $5.40 annualized dividend and a yield of 3.2%. Philip Morris International’s dividend payout ratio is presently 102.66%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup reissued an “overweight” rating on shares of Philip Morris International in a report on Tuesday, July 22nd. UBS Group increased their price target on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Needham & Company LLC reissued a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Morgan Stanley reissued an “overweight” rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Finally, KGI Securities started coverage on shares of Philip Morris International in a report on Monday, August 4th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $186.27.

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.