Fielder Capital Group LLC Sells 80 Shares of Philip Morris International Inc. (NYSE:PM)

Fielder Capital Group LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 2.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,846 shares of the company’s stock after selling 80 shares during the quarter. Fielder Capital Group LLC’s holdings in Philip Morris International were worth $452,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Perigon Wealth Management LLC increased its position in Philip Morris International by 0.4% during the 1st quarter. Perigon Wealth Management LLC now owns 14,087 shares of the company’s stock valued at $2,236,000 after purchasing an additional 60 shares during the period. TBH Global Asset Management LLC increased its position in Philip Morris International by 0.9% during the 1st quarter. TBH Global Asset Management LLC now owns 6,932 shares of the company’s stock valued at $1,100,000 after purchasing an additional 61 shares during the period. Capital Advisors Wealth Management LLC increased its position in Philip Morris International by 2.1% during the 1st quarter. Capital Advisors Wealth Management LLC now owns 3,005 shares of the company’s stock valued at $477,000 after purchasing an additional 63 shares during the period. Lloyd Advisory Services LLC. increased its position in Philip Morris International by 3.3% during the 1st quarter. Lloyd Advisory Services LLC. now owns 2,032 shares of the company’s stock valued at $323,000 after purchasing an additional 64 shares during the period. Finally, Western Wealth Management LLC increased its position in Philip Morris International by 1.5% during the 1st quarter. Western Wealth Management LLC now owns 4,446 shares of the company’s stock valued at $706,000 after purchasing an additional 64 shares during the period. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Down 0.1%

NYSE PM opened at $160.92 on Monday. The company has a fifty day simple moving average of $178.86 and a 200 day simple moving average of $160.67. Philip Morris International Inc. has a 12-month low of $112.43 and a 12-month high of $186.69. The company has a market cap of $250.47 billion, a P/E ratio of 30.59, a PEG ratio of 2.34 and a beta of 0.51.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.05. Philip Morris International had a net margin of 10.57% and a negative return on equity of 120.86%. The business had revenue of $10.14 billion during the quarter, compared to the consensus estimate of $10.33 billion. During the same quarter last year, the firm posted $1.59 EPS. Philip Morris International’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Friday, June 27th were given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.36%. The ex-dividend date was Friday, June 27th. Philip Morris International’s payout ratio is currently 102.66%.

Analysts Set New Price Targets

A number of analysts have weighed in on PM shares. Stifel Nicolaus increased their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Barclays reaffirmed an “overweight” rating on shares of Philip Morris International in a research report on Tuesday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price objective (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. UBS Group raised their price objective on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a “neutral” rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Philip Morris International from $175.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average price target of $186.73.

About Philip Morris International

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.