Philip Morris International Inc. $PM Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama trimmed its position in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 754,194 shares of the company’s stock after selling 7,595 shares during the period. Retirement Systems of Alabama’s holdings in Philip Morris International were worth $137,361,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased 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 valued at $1,027,000 after purchasing an additional 2,023 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in Philip Morris International by 4.5% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Mather Group LLC. increased its holdings in Philip Morris International by 20.8% in the 1st quarter. Mather Group LLC. now owns 15,465 shares of the company’s stock valued at $2,455,000 after purchasing an additional 2,664 shares in the last quarter. Yukon Wealth Management Inc. acquired a new stake in Philip Morris International in the 1st quarter valued at $580,000. Finally, Rossby Financial LCC acquired a new stake in Philip Morris International in the 1st quarter valued at $287,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of PM stock opened at $146.58 on Thursday. Philip Morris International Inc. has a one year low of $116.12 and a one year high of $186.69. The company’s 50-day simple moving average is $161.17 and its 200-day simple moving average is $169.05. The stock has a market capitalization of $228.17 billion, a price-to-earnings ratio of 26.55, a PEG ratio of 2.17 and a beta of 0.46.

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

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 20th. Stockholders of record on Friday, October 3rd were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Friday, October 3rd. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.35. This represents a $5.88 annualized dividend and a dividend yield of 4.0%. Philip Morris International’s dividend payout ratio is 106.52%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on PM. Stifel Nicolaus set a $180.00 price target on Philip Morris International in a report on Tuesday, October 21st. Wall Street Zen cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $195.00 price objective on shares of Philip Morris International in a research report on Wednesday, July 23rd. Citigroup reissued a “buy” rating on shares of Philip Morris International in a research report on Thursday, September 4th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Twelve research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $194.00.

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.