Prudent Man Advisors LLC Sells 354 Shares of Philip Morris International Inc. (NYSE:PM)

Prudent Man Advisors LLC reduced its holdings in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 2.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,654 shares of the company’s stock after selling 354 shares during the quarter. Prudent Man Advisors LLC’s holdings in Philip Morris International were worth $1,377,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in PM. Poplar Forest Capital LLC grew its stake in shares of Philip Morris International by 74.0% in the first quarter. Poplar Forest Capital LLC now owns 205,271 shares of the company’s stock valued at $19,283,000 after buying an additional 87,274 shares in the last quarter. Lincoln National Corp lifted its holdings in Philip Morris International by 22.4% during the 1st quarter. Lincoln National Corp now owns 20,171 shares of the company’s stock valued at $1,895,000 after purchasing an additional 3,692 shares during the last quarter. Brown Advisory Inc. lifted its holdings in Philip Morris International by 20.6% during the 1st quarter. Brown Advisory Inc. now owns 198,550 shares of the company’s stock valued at $18,698,000 after purchasing an additional 33,968 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in Philip Morris International by 3.4% during the 1st quarter. Checchi Capital Advisers LLC now owns 17,791 shares of the company’s stock valued at $1,671,000 after purchasing an additional 589 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Philip Morris International by 9.3% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 846,631 shares of the company’s stock valued at $79,533,000 after purchasing an additional 71,816 shares during the last quarter. 74.78% of the stock is owned by institutional investors.

Philip Morris International Trading Down 0.4 %

NYSE:PM opened at $97.60 on Friday. The stock has a market cap of $151.30 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 3.80 and a beta of 0.62. The stock’s 50-day moving average is $98.48 and its 200-day moving average is $100.11. Philip Morris International Inc. has a 1-year low of $85.64 and a 1-year high of $112.48.

Philip Morris International (NYSE:PMGet Rating) last announced its earnings results on Thursday, July 21st. The company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.26 by $0.22. Philip Morris International had a negative return on equity of 115.36% and a net margin of 11.05%. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $6.76 billion. During the same period in the prior year, the business posted $1.57 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. As a group, equities analysts forecast that Philip Morris International Inc. will post 5.66 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were paid a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 5.12%. The ex-dividend date was Thursday, June 30th. Philip Morris International’s dividend payout ratio (DPR) is presently 85.91%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PM. Morgan Stanley raised their price target on Philip Morris International from $104.00 to $112.00 and gave the company an “overweight” rating in a report on Friday, April 22nd. Jefferies Financial Group dropped their target price on Philip Morris International from $107.00 to $99.00 in a report on Tuesday, July 19th. Bank of America lifted their target price on Philip Morris International from $107.00 to $117.00 in a report on Sunday, April 24th. Finally, StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Tuesday, July 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $110.33.

Philip Morris International Company Profile

(Get Rating)

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 that are sold in markets outside the United States.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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