Philip Morris International Inc. (NYSE:PM) Shares Sold by VAUGHAN & Co SECURITIES INC.

VAUGHAN & Co SECURITIES INC. reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 11.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,508 shares of the company’s stock after selling 1,150 shares during the period. Philip Morris International comprises approximately 0.8% of VAUGHAN & Co SECURITIES INC.’s holdings, making the stock its 14th largest holding. VAUGHAN & Co SECURITIES INC.’s holdings in Philip Morris International were worth $1,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Philip Morris International by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock valued at $16,780,688,000 after acquiring an additional 1,167,810 shares in the last quarter. Capital World Investors raised its position in shares of Philip Morris International by 3.6% during the 4th quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock valued at $14,752,926,000 after acquiring an additional 4,216,586 shares in the last quarter. GQG Partners LLC raised its position in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock valued at $5,866,678,000 after acquiring an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC increased its position in Philip Morris International by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after buying an additional 3,185,258 shares during the period. Finally, Wellington Management Group LLP increased its position in Philip Morris International by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock worth $2,079,262,000 after buying an additional 516,617 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PM has been the topic of several analyst reports. Needham & Company LLC initiated coverage on Philip Morris International in a research report on Thursday, May 22nd. They issued a “buy” rating on the stock. Barclays reaffirmed an “overweight” rating and issued a $220.00 target price (up from $205.00) on shares of Philip Morris International in a research report on Friday, June 13th. Citigroup increased their target price on Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a research report on Wednesday, April 16th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Finally, Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. One investment analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $176.80.

Philip Morris International Stock Performance

NYSE:PM opened at $179.00 on Friday. Philip Morris International Inc. has a 1 year low of $100.80 and a 1 year high of $186.69. The stock has a market cap of $278.62 billion, a price-to-earnings ratio of 36.91, a PEG ratio of 2.59 and a beta of 0.51. The business has a fifty day moving average of $177.14 and a 200-day moving average of $154.59.

Philip Morris International (NYSE:PM) last released its quarterly earnings results 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 company had revenue of $9.30 billion during the quarter, compared to analysts’ expectations of $9.10 billion. During the same quarter in the prior year, the business posted $1.50 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Friday, June 27th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, June 27th. This represents a $5.40 annualized dividend and a dividend yield of 3.02%. Philip Morris International’s payout ratio is 111.34%.

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.