American Institute for Advanced Investment Management LLP Sells 200 Shares of Philip Morris International Inc. (NYSE:PM)

American Institute for Advanced Investment Management LLP trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,551 shares of the company’s stock after selling 200 shares during the quarter. American Institute for Advanced Investment Management LLP’s holdings in Philip Morris International were worth $246,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Capital & Planning LLC grew its stake in Philip Morris International by 7.1% during the fourth quarter. Capital & Planning LLC now owns 2,613 shares of the company’s stock worth $318,000 after buying an additional 173 shares in the last quarter. Brighton Jones LLC raised its holdings in Philip Morris International by 31.1% during the 4th quarter. Brighton Jones LLC now owns 8,531 shares of the company’s stock worth $1,027,000 after purchasing an additional 2,023 shares during the last quarter. Revolve Wealth Partners LLC raised its holdings in Philip Morris International by 4.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,097 shares of the company’s stock worth $252,000 after purchasing an additional 91 shares during the last quarter. Bogart Wealth LLC increased its stake in shares of Philip Morris International by 1.6% in the 4th quarter. Bogart Wealth LLC now owns 9,366 shares of the company’s stock valued at $1,127,000 after acquiring an additional 146 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its position in Philip Morris International by 24.9% in the 4th quarter. V Square Quantitative Management LLC now owns 5,176 shares of the company’s stock valued at $623,000 after purchasing an additional 1,032 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

PM stock opened at $184.01 on Friday. The company has a market capitalization of $286.41 billion, a price-to-earnings ratio of 40.80, a PEG ratio of 2.65 and a beta of 0.52. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $185.16. The business has a 50 day simple moving average of $170.67 and a two-hundred day simple moving average of $149.34.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. Philip Morris International’s quarterly revenue was up 5.8% compared to the same quarter last year. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 27th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.93%. Philip Morris International’s dividend payout ratio (DPR) is presently 111.34%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Barclays boosted their target price on Philip Morris International from $205.00 to $220.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Citigroup boosted their price target on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $176.80.

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.