First Trust Advisors LP Has $100.42 Million Position in Philip Morris International Inc. (NYSE:PM)

First Trust Advisors LP lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,136,115 shares of the company’s stock after selling 32,493 shares during the period. First Trust Advisors LP’s holdings in Philip Morris International were worth $100,421,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its holdings in Philip Morris International by 1.3% during the 3rd quarter. Vanguard Group Inc now owns 118,890,424 shares of the company’s stock worth $9,694,325,000 after purchasing an additional 1,516,211 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Philip Morris International by 4.7% during the 4th quarter. Advisors Asset Management Inc. now owns 302,063 shares of the company’s stock worth $20,166,000 after purchasing an additional 13,544 shares during the last quarter. Securian Asset Management Inc lifted its holdings in Philip Morris International by 0.5% during the 4th quarter. Securian Asset Management Inc now owns 159,438 shares of the company’s stock worth $10,644,000 after purchasing an additional 814 shares during the last quarter. Pinnacle Financial Partners Inc. lifted its holdings in Philip Morris International by 15.8% during the 4th quarter. Pinnacle Financial Partners Inc. now owns 60,875 shares of the company’s stock worth $4,064,000 after purchasing an additional 8,313 shares during the last quarter. Finally, Spinnaker Trust lifted its holdings in Philip Morris International by 0.8% during the 4th quarter. Spinnaker Trust now owns 17,190 shares of the company’s stock worth $1,147,000 after purchasing an additional 133 shares during the last quarter. Institutional investors own 73.50% of the company’s stock.

In other news, insider Mario Masseroli sold 1,200 shares of Philip Morris International stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $84.32, for a total value of $101,184.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Louis C. Camilleri sold 70,000 shares of Philip Morris International stock in a transaction on Wednesday, April 24th. The shares were sold at an average price of $83.54, for a total value of $5,847,800.00. The disclosure for this sale can be found here. In the last quarter, insiders bought 4,000 shares of company stock worth $331,705. Corporate insiders own 0.21% of the company’s stock.

Shares of NYSE PM opened at $76.65 on Thursday. The firm has a market capitalization of $119.71 billion, a price-to-earnings ratio of 15.03, a P/E/G ratio of 1.85 and a beta of 0.97. Philip Morris International Inc. has a fifty-two week low of $64.67 and a fifty-two week high of $92.74.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.10. The firm had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.76 billion. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. Equities research analysts anticipate that Philip Morris International Inc. will post 5.14 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be paid a $1.14 dividend. The ex-dividend date is Thursday, June 20th. This represents a $4.56 annualized dividend and a dividend yield of 5.95%. Philip Morris International’s payout ratio is 89.41%.

Several analysts recently weighed in on the company. Citigroup lifted their price target on Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Zacks Investment Research raised Philip Morris International from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Thursday, April 4th. Societe Generale raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Tuesday, May 7th. Bank of America raised Philip Morris International from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $81.00 to $94.00 in a report on Friday, May 17th. Finally, Barclays raised Philip Morris International from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $67.00 to $82.00 in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $92.57.

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Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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