Philip Morris International Inc. $PM Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 6.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,825 shares of the company’s stock after selling 3,996 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Philip Morris International were worth $9,055,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PM. BXM Wealth LLC purchased a new stake in Philip Morris International in the third quarter valued at approximately $422,000. Applied Capital LLC FL boosted its holdings in shares of Philip Morris International by 1.4% in the 3rd quarter. Applied Capital LLC FL now owns 17,936 shares of the company’s stock valued at $2,909,000 after purchasing an additional 246 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Philip Morris International during the 3rd quarter valued at $502,000. Blalock Williams LLC purchased a new stake in shares of Philip Morris International during the 3rd quarter valued at $690,000. Finally, Magnus Financial Group LLC increased its holdings in shares of Philip Morris International by 6.0% during the 3rd quarter. Magnus Financial Group LLC now owns 7,172 shares of the company’s stock worth $1,163,000 after buying an additional 409 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 0.9%

NYSE PM opened at $172.69 on Friday. Philip Morris International Inc. has a fifty-two week low of $118.31 and a fifty-two week high of $186.69. The business has a 50 day moving average price of $157.31 and a two-hundred day moving average price of $161.93. The stock has a market cap of $268.82 billion, a PE ratio of 31.28, a P/E/G ratio of 1.84 and a beta of 0.40.

Philip Morris International (NYSE:PM) last posted 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 for the quarter, compared to analyst estimates 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 quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.91 earnings per share. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 14th. Shareholders of record on Friday, December 26th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s dividend payout ratio is presently 106.52%.

Analyst Ratings Changes

PM has been the topic of a number of research analyst reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research note on Wednesday, October 8th. JPMorgan Chase & Co. decreased their target price on Philip Morris International from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, November 26th. Stifel Nicolaus set a $180.00 price target on shares of Philip Morris International in a report on Tuesday, October 21st. Finally, Barclays decreased their price objective on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a research note on Monday, November 17th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $189.00.

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.