CFO4Life Group LLC Cuts Stake in Philip Morris International Inc. (NYSE:PM)

CFO4Life Group LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 11.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,227 shares of the company’s stock after selling 521 shares during the quarter. CFO4Life Group LLC’s holdings in Philip Morris International were worth $671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. 49 Wealth Management LLC increased its stake in Philip Morris International by 79.0% during the first quarter. 49 Wealth Management LLC now owns 5,334 shares of the company’s stock worth $847,000 after purchasing an additional 2,354 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Philip Morris International by 24.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 439,082 shares of the company’s stock valued at $69,695,000 after acquiring an additional 87,631 shares during the last quarter. Brighton Jones LLC lifted its position in Philip Morris International by 31.1% in the fourth quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock valued at $1,027,000 after acquiring an additional 2,023 shares during the last quarter. Symmetry Investments LP purchased a new stake in shares of Philip Morris International in the fourth quarter valued at about $1,966,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Philip Morris International in the first quarter valued at about $2,223,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Price Performance

NYSE PM opened at $177.73 on Thursday. The company’s 50 day simple moving average is $177.65 and its 200 day simple moving average is $155.73. Philip Morris International Inc. has a 12 month low of $101.68 and a 12 month high of $186.69. The company has a market capitalization of $276.64 billion, a P/E ratio of 36.65, a PEG ratio of 2.58 and a beta of 0.51.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 8.43% and a negative return on equity of 122.40%. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. During the same period in the previous year, the firm earned $1.50 EPS. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Wall Street Analysts Forecast Growth

PM has been the subject of several analyst reports. Wall Street Zen raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Bank of America raised their target price on shares of Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Barclays restated an “overweight” rating and set a $220.00 target price (up previously from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 24th. Finally, Citigroup lifted their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $180.73.

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.