Dynamic Advisor Solutions LLC Decreases Stake in Philip Morris International Inc. (NYSE:PM)

Dynamic Advisor Solutions LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,224 shares of the company’s stock after selling 754 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Philip Morris International were worth $3,369,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Lloyd Advisory Services LLC. boosted its stake in Philip Morris International by 3.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company’s stock worth $323,000 after purchasing an additional 64 shares during the last quarter. Omnia Family Wealth LLC boosted its position in Philip Morris International by 1.7% during the fourth quarter. Omnia Family Wealth LLC now owns 3,851 shares of the company’s stock worth $469,000 after acquiring an additional 65 shares during the last quarter. Sonora Investment Management Group LLC grew its stake in Philip Morris International by 0.6% during the 1st quarter. Sonora Investment Management Group LLC now owns 11,240 shares of the company’s stock valued at $1,784,000 after acquiring an additional 68 shares in the last quarter. Meridian Wealth Partners LLC raised its holdings in Philip Morris International by 4.1% in the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after acquiring an additional 70 shares during the last quarter. Finally, NewSquare Capital LLC lifted its stake in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PM shares. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Barclays upped their target price on Philip Morris International from $205.00 to $220.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Friday, May 30th. Finally, Bank of America upped their price objective on shares of Philip Morris International from $182.00 to $200.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $176.80.

Philip Morris International Price Performance

NYSE PM opened at $184.01 on Monday. The stock has a market capitalization of $286.41 billion, a P/E ratio of 40.80, a PEG ratio of 2.65 and a beta of 0.52. The firm’s 50-day moving average is $170.67 and its two-hundred day moving average is $149.47. Philip Morris International Inc. has a 12 month low of $98.93 and a 12 month high of $185.55.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS. As a group, analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Friday, June 27th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International’s payout ratio is 111.34%.

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.