Philip Morris International Inc. $PM Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 23.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,477 shares of the company’s stock after selling 23,911 shares during the quarter. Advisors Asset Management Inc.’s holdings in Philip Morris International were worth $14,111,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Philip Morris International by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after buying an additional 2,235,380 shares during the period. Geode Capital Management LLC increased its position in shares of Philip Morris International by 1.8% during the second quarter. Geode Capital Management LLC now owns 37,181,107 shares of the company’s stock valued at $6,760,346,000 after acquiring an additional 672,983 shares during the last quarter. Wellington Management Group LLP raised its stake in shares of Philip Morris International by 26.4% in the 1st quarter. Wellington Management Group LLP now owns 21,840,422 shares of the company’s stock valued at $3,466,730,000 after acquiring an additional 4,563,632 shares during the period. WCM Investment Management LLC lifted its holdings in shares of Philip Morris International by 24,968.0% in the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock worth $2,041,223,000 after acquiring an additional 11,230,626 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Philip Morris International during the 1st quarter worth approximately $1,712,994,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM opened at $150.75 on Tuesday. Philip Morris International Inc. has a 12 month low of $116.12 and a 12 month high of $186.69. The firm has a market capitalization of $234.67 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 1.83 and a beta of 0.43. The business’s fifty day moving average price is $156.20 and its 200 day moving average price is $167.09.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, March 28th. The company reported $1.59 earnings per share (EPS) for the quarter. Philip Morris International had a negative return on equity of 122.14% and a net margin of 9.33%.The business had revenue of $8.12 billion during the quarter. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 20th. Shareholders of record on Friday, October 3rd were issued a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, October 3rd. This is an increase from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 dividend on an annualized basis and a yield of 3.9%. Philip Morris International’s dividend payout ratio is 106.52%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a research report on Wednesday, October 22nd. Morgan Stanley set a $175.00 target price on Philip Morris International and gave the stock an “overweight” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, November 17th. Barclays cut their price target on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating on the stock in a research note on Monday, November 17th. Finally, Citigroup reissued a “buy” rating on shares of Philip Morris International in a research note on Thursday, September 4th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $189.56.

About Philip Morris International

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.