Baader Bank Aktiengesellschaft Has $563,000 Holdings in Philip Morris International Inc. $PM

Baader Bank Aktiengesellschaft trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 53.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,406 shares of the company’s stock after selling 3,891 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Philip Morris International were worth $563,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Assetmark Inc. lifted its stake in Philip Morris International by 22.2% in the fourth quarter. Assetmark Inc. now owns 630,583 shares of the company’s stock worth $101,146,000 after acquiring an additional 114,618 shares during the period. Global Retirement Partners LLC increased its position in Philip Morris International by 40.3% during the 4th quarter. Global Retirement Partners LLC now owns 67,177 shares of the company’s stock valued at $10,775,000 after purchasing an additional 19,309 shares during the period. World Investment Advisors increased its position in Philip Morris International by 42.5% during the 4th quarter. World Investment Advisors now owns 115,267 shares of the company’s stock valued at $18,489,000 after purchasing an additional 34,392 shares during the period. New York Life Investment Management LLC raised its holdings in Philip Morris International by 3.6% in the 4th quarter. New York Life Investment Management LLC now owns 216,613 shares of the company’s stock worth $34,745,000 after purchasing an additional 7,600 shares in the last quarter. Finally, Brighton Jones LLC raised its holdings in Philip Morris International by 31.1% in 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 in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $188.03 on Wednesday. Philip Morris International Inc. has a fifty-two week low of $142.11 and a fifty-two week high of $194.90. The business has a 50-day simple moving average of $182.60 and a two-hundred day simple moving average of $174.88. The firm has a market cap of $293.06 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.27 and a beta of 0.38.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.13. The firm had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.95 billion. Philip Morris International had a negative return on equity of 142.02% and a net margin of 11.61%.The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.69 EPS. As a group, research analysts predict that Philip Morris International Inc. will post 8.37 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Thursday, June 25th were issued a $1.47 dividend. This represents a $5.88 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Thursday, June 25th. Philip Morris International’s dividend payout ratio is currently 82.70%.

Wall Street Analyst Weigh In

Several analysts have weighed in on PM shares. Morgan Stanley lifted their price objective on Philip Morris International from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America restated a “buy” rating on shares of Philip Morris International in a research note on Thursday, May 21st. BTIG Research assumed coverage on Philip Morris International in a research report on Tuesday. They set a “buy” rating and a $216.00 price target on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of Philip Morris International in a research note on Thursday, April 23rd. Finally, Stifel Nicolaus decreased their price objective on Philip Morris International from $200.00 to $195.00 and set a “buy” rating for the company in a report on Friday, April 10th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $197.00.

Philip Morris International Company Profile

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.