Graham Capital Wealth Management LLC Sells 155 Shares of Philip Morris International Inc. (NYSE:PM)

Graham Capital Wealth Management LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 5.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,780 shares of the company’s stock after selling 155 shares during the quarter. Graham Capital Wealth Management LLC’s holdings in Philip Morris International were worth $441,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of PM. GAMMA Investing LLC increased its holdings in Philip Morris International by 19,986.5% during the first quarter. GAMMA Investing LLC now owns 4,486,928 shares of the company’s stock valued at $712,210,000 after buying an additional 4,464,590 shares during the period. Kovitz Investment Group Partners LLC grew its holdings in Philip Morris International by 372.2% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after purchasing an additional 4,298,530 shares during the last quarter. Capital World Investors grew its holdings in Philip Morris International by 3.6% in the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after purchasing an additional 4,216,586 shares during the last quarter. Geode Capital Management LLC grew its holdings in Philip Morris International by 9.9% in the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock worth $4,241,837,000 after purchasing an additional 3,185,258 shares during the last quarter. Finally, Lone Pine Capital LLC grew its holdings in Philip Morris International by 44.4% in the fourth quarter. Lone Pine Capital LLC now owns 6,468,372 shares of the company’s stock worth $778,469,000 after purchasing an additional 1,987,716 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on PM shares. UBS Group lifted their price target on shares of Philip Morris International from $170.00 to $181.00 and gave the stock a “neutral” rating in a report on Monday, July 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $195.00 price target on shares of Philip Morris International in a report on Wednesday, July 23rd. Barclays reaffirmed an “overweight” rating on shares of Philip Morris International in a report on Tuesday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Finally, Wall Street Zen raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Sunday, July 20th. One equities research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $186.73.

Philip Morris International Price Performance

NYSE PM opened at $160.92 on Monday. The company has a market capitalization of $250.47 billion, a PE ratio of 30.59, a P/E/G ratio of 2.34 and a beta of 0.51. The company has a fifty day moving average of $178.86 and a 200 day moving average of $160.67. Philip Morris International Inc. has a 1 year low of $112.43 and a 1 year high of $186.69.

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

Philip Morris International Announces Dividend

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

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.