M&R Capital Management Inc. Sells 2,040 Shares of Philip Morris International Inc. (NYSE:PM)

M&R Capital Management Inc. decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 43.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,613 shares of the company’s stock after selling 2,040 shares during the quarter. M&R Capital Management Inc.’s holdings in Philip Morris International were worth $231,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Sterling Financial Planning Inc. acquired a new stake in shares of Philip Morris International during the 4th quarter worth approximately $26,000. Perennial Advisors LLC acquired a new stake in Philip Morris International in the 4th quarter valued at $27,000. Grant Street Asset Management Inc. acquired a new stake in Philip Morris International in the 4th quarter valued at $27,000. Key Financial Inc acquired a new stake in Philip Morris International in the 4th quarter valued at $31,000. Finally, TRU Independence Asset Management 2 LLC acquired a new stake in Philip Morris International in the 4th quarter valued at $36,000. 74.18% of the stock is owned by institutional investors.

PM stock opened at $88.50 on Thursday. Philip Morris International Inc. has a twelve month low of $66.85 and a twelve month high of $91.25. The firm has a market capitalization of $137.93 billion, a PE ratio of 17.87, a PEG ratio of 2.27 and a beta of 0.77. The stock has a 50-day simple moving average of $87.43 and a two-hundred day simple moving average of $81.18.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 4th. The company reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.05. Philip Morris International had a negative return on equity of 78.02% and a net margin of 10.07%. The company had revenue of $7.44 billion during the quarter, compared to analyst estimates of $7.41 billion. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Philip Morris International’s revenue was down 3.5% on a year-over-year basis. As a group, sell-side analysts expect that Philip Morris International Inc. will post 5.13 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 9th. Shareholders of record on Monday, March 22nd will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a yield of 5.42%. The ex-dividend date is Friday, March 19th. Philip Morris International’s dividend payout ratio is currently 92.49%.

A number of research firms have issued reports on PM. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $90.00 to $100.00 in a report on Friday, February 5th. Edward Jones downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Tuesday, December 15th. Sanford C. Bernstein began coverage on Philip Morris International in a research note on Tuesday, January 19th. They set a “market perform” rating and a $92.00 target price on the stock. Zacks Investment Research upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a research note on Tuesday, January 12th. Finally, Smith Barney Citigroup reiterated a “” rating and set a $105.00 price target (up previously from $100.00) on shares of Philip Morris International in a research note on Friday, January 8th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Philip Morris International currently has an average rating of “Buy” and a consensus price target of $97.64.

In other Philip Morris International news, VP Marian Salzman sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, February 5th. The stock was sold at an average price of $84.39, for a total value of $168,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.22% of the stock is owned by corporate insiders.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, 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 Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

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

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