Philip Morris International Inc. (NYSE:PM) Shares Sold by Centerpoint Advisors LLC

Centerpoint Advisors LLC lowered its position in Philip Morris International Inc. (NYSE:PM) by 4.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,463 shares of the company’s stock after selling 175 shares during the period. Centerpoint Advisors LLC’s holdings in Philip Morris International were worth $550,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of PM. Brighton Jones LLC raised its position in shares of Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Philip Morris International during the 4th quarter worth about $15,513,000. LSV Asset Management raised its position in shares of Philip Morris International by 41.7% during the 4th quarter. LSV Asset Management now owns 6,800 shares of the company’s stock worth $818,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Trustmark National Bank Trust Department raised its position in shares of Philip Morris International by 1.3% during the 4th quarter. Trustmark National Bank Trust Department now owns 5,906 shares of the company’s stock worth $711,000 after purchasing an additional 76 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $168.58 on Wednesday. The firm has a 50 day simple moving average of $175.77 and a 200-day simple moving average of $164.04. Philip Morris International Inc. has a 1-year low of $115.87 and a 1-year high of $186.69. The stock has a market cap of $262.41 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 2.48 and a beta of 0.48.

Philip Morris International (NYSE:PM) last posted 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. Philip Morris International had a net margin of 9.03% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion during the quarter, compared to analysts’ expectations of $10.33 billion. During the same quarter in the prior year, the company posted $1.59 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. Equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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 dividend on an annualized basis and a dividend yield of 3.2%. Philip Morris International’s dividend payout ratio (DPR) is presently 102.66%.

Analyst Ratings Changes

Several research firms recently weighed in on PM. Needham & Company LLC restated a “buy” rating and set a $195.00 price target on shares of Philip Morris International in a research report on Wednesday, July 23rd. Morgan Stanley restated an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday. KGI Securities initiated coverage on shares of Philip Morris International in a research report on Monday, August 4th. They set an “outperform” rating for the company. Finally, UBS Group upped their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the company a “neutral” rating in a research note on Monday, July 14th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price 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.