ProShare Advisors LLC Decreases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

ProShare Advisors LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,609 shares of the company’s stock after selling 6,495 shares during the period. ProShare Advisors LLC’s holdings in Philip Morris International were worth $17,738,000 at the end of the most recent quarter.

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

Philip Morris International Stock Performance

Shares of PM stock opened at $108.31 on Thursday. The stock’s 50-day moving average is $101.86 and its two-hundred day moving average is $95.82. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $108.81. The firm has a market cap of $168.37 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 2.18 and a beta of 0.58.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same period last year, the firm posted $1.38 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts predict that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were given 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 yield of 4.80%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on 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 sale, the insider now directly 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.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Hold” and an average target price of $104.22.

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.