Montag A & Associates Inc. Reduces Position in Philip Morris International Inc. (NYSE:PM)

Montag A & Associates Inc. lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,079 shares of the company’s stock after selling 334 shares during the quarter. Montag A & Associates Inc.’s holdings in Philip Morris International were worth $1,584,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. KCM Investment Advisors LLC increased its position in shares of Philip Morris International by 2.8% during the first quarter. KCM Investment Advisors LLC now owns 3,868 shares of the company’s stock valued at $354,000 after buying an additional 104 shares during the period. Smallwood Wealth Investment Management LLC grew its stake in Philip Morris International by 0.6% during the first quarter. Smallwood Wealth Investment Management LLC now owns 17,495 shares of the company’s stock valued at $1,603,000 after acquiring an additional 108 shares in the last quarter. PFG Investments LLC increased its holdings in Philip Morris International by 1.9% during the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after acquiring an additional 109 shares during the period. CGC Financial Services LLC lifted its stake in Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. boosted its holdings in Philip Morris International by 4.7% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 2,460 shares of the company’s stock valued at $225,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Hold” and a consensus price target of $104.22.

Insider Activity at Philip Morris International

In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Philip Morris International Stock Performance

PM traded down $0.35 during trading on Monday, reaching $105.60. The stock had a trading volume of 978,110 shares, compared to its average volume of 5,346,254. The business has a 50-day moving average of $101.33 and a 200-day moving average of $95.57. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $106.63. The stock has a market cap of $164.16 billion, a PE ratio of 20.64, a PEG ratio of 2.18 and a beta of 0.58.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.38 EPS. Equities research analysts forecast that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.92%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Philip Morris International 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.