Philip Morris International Inc. (NYSE:PM) Stock Position Decreased by B.O.S.S. Retirement Advisors LLC

B.O.S.S. Retirement Advisors LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,070 shares of the company’s stock after selling 2,463 shares during the period. B.O.S.S. Retirement Advisors LLC’s holdings in Philip Morris International were worth $2,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of PM. Moneta Group Investment Advisors LLC boosted its position in Philip Morris International by 100,700.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company’s stock valued at $1,582,939,000 after purchasing an additional 15,624,628 shares during the last quarter. Federated Hermes Inc. boosted its position in Philip Morris International by 31.7% during the first quarter. Federated Hermes Inc. now owns 9,036,858 shares of the company’s stock valued at $878,834,000 after purchasing an additional 2,174,242 shares during the last quarter. Perpetual Ltd acquired a new stake in Philip Morris International during the first quarter valued at $201,779,000. Canoe Financial LP acquired a new stake in Philip Morris International during the first quarter valued at $150,424,000. Finally, Renaissance Technologies LLC boosted its position in Philip Morris International by 122.0% during the first quarter. Renaissance Technologies LLC now owns 2,632,467 shares of the company’s stock valued at $247,294,000 after purchasing an additional 1,446,567 shares during the last quarter. Institutional investors and hedge funds own 79.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PM. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and raised their target price for the company from $109.00 to $117.00 in a report on Tuesday, June 20th. StockNews.com began coverage on Philip Morris International in a report on Thursday, August 17th. They set a “hold” rating on the stock. 22nd Century Group restated a “reiterates” rating on shares of Philip Morris International in a report on Tuesday, June 27th. Finally, Jefferies Financial Group cut their target price on Philip Morris International from $113.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, August 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.70.

Philip Morris International Trading Down 0.5 %

PM traded down $0.52 on Friday, hitting $95.79. 6,932,697 shares of the stock traded hands, compared to its average volume of 3,027,615. Philip Morris International Inc. has a 52 week low of $82.85 and a 52 week high of $105.62. The firm has a market capitalization of $148.70 billion, a PE ratio of 18.53, a P/E/G ratio of 2.02 and a beta of 0.71. The business has a fifty day moving average price of $96.52 and a two-hundred day moving average price of $96.08.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.50 by $0.10. The company had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $8.76 billion. Philip Morris International had a negative return on equity of 127.84% and a net margin of 11.63%. The company’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.48 earnings per share. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.19 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Wednesday, September 27th will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.43%. This is an increase from Philip Morris International’s previous quarterly dividend of $1.27. The ex-dividend date is Tuesday, September 26th. Philip Morris International’s payout ratio is presently 98.26%.

About Philip Morris International

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.