Philip Morris International Inc. (NYSE:PM) Holdings Lowered by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group reduced its stake in Philip Morris International Inc. (NYSE:PM) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,288 shares of the company’s stock after selling 482 shares during the period. Rehmann Capital Advisory Group’s holdings in Philip Morris International were worth $943,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. GSA Capital Partners LLP lifted its holdings in Philip Morris International by 2.0% in the 3rd quarter. GSA Capital Partners LLP now owns 7,617 shares of the company’s stock valued at $705,000 after acquiring an additional 146 shares during the last quarter. Creative Planning grew its position in Philip Morris International by 7.1% in the third quarter. Creative Planning now owns 290,116 shares of the company’s stock worth $26,859,000 after buying an additional 19,134 shares during the last quarter. Asset Allocation Strategies LLC increased its holdings in shares of Philip Morris International by 3.9% in the third quarter. Asset Allocation Strategies LLC now owns 3,583 shares of the company’s stock valued at $332,000 after buying an additional 133 shares in the last quarter. OLD National Bancorp IN lifted its position in shares of Philip Morris International by 1.9% during the 3rd quarter. OLD National Bancorp IN now owns 100,305 shares of the company’s stock valued at $9,286,000 after acquiring an additional 1,870 shares during the last quarter. Finally, Tompkins Financial Corp boosted its stake in shares of Philip Morris International by 4.0% during the 3rd quarter. Tompkins Financial Corp now owns 7,160 shares of the company’s stock worth $663,000 after acquiring an additional 275 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus boosted their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Trading Up 0.8 %

NYSE:PM traded up $0.82 on Wednesday, hitting $102.49. 1,582,164 shares of the company’s stock traded hands, compared to its average volume of 5,392,507. The firm has a 50-day moving average price of $100.87 and a 200-day moving average price of $95.33. The company has a market cap of $159.33 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $104.90.

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

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were issued a dividend of $1.30 per share. The ex-dividend date was Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 5.07%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.