Philip Morris International Inc. (NYSE:PM) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 25.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,000 shares of the company’s stock after selling 39,500 shares during the period. Intact Investment Management Inc.’s holdings in Philip Morris International were worth $18,730,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. NewSquare Capital LLC lifted its stake in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. Pacifica Partners Inc. raised its holdings in shares of Philip Morris International by 115.0% in the 1st quarter. Pacifica Partners Inc. now owns 215 shares of the company’s stock valued at $35,000 after buying an additional 115 shares during the period. Knuff & Co LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Ball & Co Wealth Management Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Finally, Ameriflex Group Inc. purchased a new stake in Philip Morris International during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.0%

PM stock opened at $182.57 on Friday. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $186.69. The stock’s fifty day simple moving average is $173.82 and its 200-day simple moving average is $150.99. The stock has a market capitalization of $284.18 billion, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 2.65 and a beta of 0.52.

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

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Friday, June 27th. Philip Morris International’s dividend payout ratio (DPR) is 111.34%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price objective (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. UBS Group raised Philip Morris International from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Bank of America increased their price objective on Philip Morris International from $182.00 to $200.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Finally, Needham & Company LLC began coverage on Philip Morris International in a research report on Thursday, May 22nd. They set a “buy” rating for the company. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $176.80.

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.