Philip Morris International Inc. (NYSE:PM) Shares Sold by Buckley Wealth Management LLC

Buckley Wealth Management LLC reduced its position in shares of Philip Morris International Inc. (NYSE:PM) by 13.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,866 shares of the company’s stock after selling 777 shares during the period. Buckley Wealth Management LLC’s holdings in Philip Morris International were worth $475,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PM. Fairfield Bush & CO. grew its position in Philip Morris International by 1.1% in the 1st quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after buying an additional 281 shares in the last quarter. American Century Companies Inc. grew its position in Philip Morris International by 35.6% in the 1st quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock valued at $463,000 after buying an additional 1,296 shares in the last quarter. Loomis Sayles & Co. L P grew its position in Philip Morris International by 24.7% in the 1st quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock valued at $288,000 after buying an additional 608 shares in the last quarter. Covestor Ltd grew its position in Philip Morris International by 54.9% in the 1st quarter. Covestor Ltd now owns 525 shares of the company’s stock valued at $49,000 after buying an additional 186 shares in the last quarter. Finally, Mather Group LLC. grew its position in Philip Morris International by 14.7% in the 1st quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock valued at $844,000 after buying an additional 1,154 shares in the last quarter. 79.70% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 0.4 %

Shares of PM traded up $0.38 on Monday, hitting $96.17. The company’s stock had a trading volume of 576,962 shares, compared to its average volume of 4,197,378. The firm’s fifty day moving average price is $96.49 and its 200-day moving average price is $96.05. Philip Morris International Inc. has a fifty-two week low of $82.85 and a fifty-two week high of $105.62. The firm has a market capitalization of $149.29 billion, a price-to-earnings ratio of 18.53, a P/E/G ratio of 2.02 and a beta of 0.71.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.10. Philip Morris International had a negative return on equity of 127.84% and a net margin of 11.63%. The company had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $8.76 billion. During the same quarter in the prior year, the business posted $1.48 EPS. The business’s revenue was up 14.5% compared to the same quarter last year. As a group, equities analysts predict that Philip Morris International Inc. will post 6.19 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Wednesday, September 27th will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Tuesday, September 26th. This is a positive change from Philip Morris International’s previous quarterly dividend of $1.27. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.41%. Philip Morris International’s payout ratio is presently 98.26%.

Wall Street Analysts Forecast Growth

PM has been the subject of several research reports. Jefferies Financial Group reduced their price objective on shares of Philip Morris International from $113.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, August 22nd. StockNews.com assumed coverage on shares of Philip Morris International in a research note on Thursday, August 17th. They set a “hold” rating for the company. 22nd Century Group reaffirmed a “reiterates” rating on shares of Philip Morris International in a research note on Tuesday, June 27th. Finally, Citigroup raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and upped their price objective for the company from $109.00 to $117.00 in a research note on Tuesday, June 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Moderate Buy” and a consensus price target of $110.70.

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.