Philip Morris International Inc. $PM Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lessened its stake in Philip Morris International Inc. (NYSE:PM) by 6.7% in the third quarter, Holdings Channel reports. The institutional investor owned 55,825 shares of the company’s stock after selling 3,996 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Philip Morris International were worth $9,055,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC raised its stake in shares of Philip Morris International by 24,968.0% in the 2nd quarter. WCM Investment Management LLC now owns 11,275,606 shares of the company’s stock valued at $2,041,223,000 after purchasing an additional 11,230,626 shares in the last quarter. Vanguard Group Inc. increased its holdings in Philip Morris International by 1.6% in the second quarter. Vanguard Group Inc. now owns 142,857,055 shares of the company’s stock valued at $26,018,555,000 after buying an additional 2,235,380 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Philip Morris International by 69.0% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,512,311 shares of the company’s stock valued at $821,826,000 after buying an additional 1,842,754 shares during the last quarter. Prudential Financial Inc. raised its stake in Philip Morris International by 88.9% during the second quarter. Prudential Financial Inc. now owns 2,138,118 shares of the company’s stock valued at $389,415,000 after buying an additional 1,006,014 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its holdings in Philip Morris International by 142.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 1,512,514 shares of the company’s stock worth $275,474,000 after buying an additional 888,148 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

PM stock opened at $172.69 on Friday. Philip Morris International Inc. has a 1 year low of $118.31 and a 1 year high of $186.69. The stock has a market capitalization of $268.82 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.84 and a beta of 0.40. The stock’s fifty day moving average is $157.31 and its two-hundred day moving average is $161.93.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Friday, October 24th. The company reported $2.24 EPS for the quarter, topping the consensus estimate of $2.10 by $0.14. The business had revenue of $10.85 billion during the quarter, compared to analyst estimates of $10.67 billion. Philip Morris International had a net margin of 9.33% and a negative return on equity of 122.14%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.91 earnings per share. As a group, analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Stockholders of record on Friday, December 26th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, December 26th. Philip Morris International’s payout ratio is 106.52%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Morgan Stanley set a $175.00 price target on Philip Morris International and gave the company an “overweight” rating in a report on Wednesday, October 22nd. Barclays decreased their price objective on shares of Philip Morris International from $220.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, November 17th. The Goldman Sachs Group reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, October 22nd. Wall Street Zen downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Philip Morris International in a research report on Wednesday, October 8th. Twelve equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus target price of $189.00.

Philip Morris International Profile

Philip Morris International Inc (NYSE: PM) is a global tobacco company that manufactures and sells cigarettes, other nicotine-containing products and a growing portfolio of smoke-free alternatives for adult smokers. The firm traces its corporate roots to the 19th century Philip Morris enterprise and was established as an independent, publicly traded company following a 2008 separation from what is now Altria. Since the spin-off, the company has focused on serving international markets outside the United States.

PMI’s product mix includes traditional combustible cigarettes as well as smoke-free offerings such as heated tobacco systems and other reduced-risk products.