Philip Morris International Inc. $PM Shares Sold by MGO One Seven LLC

MGO One Seven LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 8.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 40,993 shares of the company’s stock after selling 3,974 shares during the period. MGO One Seven LLC’s holdings in Philip Morris International were worth $7,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Financial Network Wealth Advisors LLC raised its holdings in shares of Philip Morris International by 9.9% in the third quarter. Financial Network Wealth Advisors LLC now owns 620 shares of the company’s stock valued at $118,000 after buying an additional 56 shares during the last quarter. Platt Wealth Management LLC grew its holdings in Philip Morris International by 2.1% during the 2nd quarter. Platt Wealth Management LLC now owns 2,833 shares of the company’s stock worth $512,000 after acquiring an additional 58 shares during the last quarter. Clearwater Capital Advisors LLC increased its position in Philip Morris International by 2.4% in the 1st quarter. Clearwater Capital Advisors LLC now owns 2,798 shares of the company’s stock valued at $463,000 after acquiring an additional 65 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Philip Morris International by 0.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,887 shares of the company’s stock valued at $1,635,000 after acquiring an additional 66 shares in the last quarter. Finally, Essential Partners LLC increased its position in Philip Morris International by 3.9% in the 1st quarter. Essential Partners LLC now owns 1,742 shares of the company’s stock valued at $288,000 after acquiring an additional 66 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Down 0.0%

Shares of PM opened at $208.72 on Monday. The stock’s fifty day simple moving average is $194.20 and its 200-day simple moving average is $181.93. The firm has a market capitalization of $325.32 billion, a PE ratio of 30.47, a price-to-earnings-growth ratio of 2.80 and a beta of 0.34. Philip Morris International Inc. has a 12-month low of $142.11 and a 12-month high of $214.35.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, October 21st. The company reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.06. The firm had revenue of $11.44 billion during the quarter, compared to analyst estimates of $11.32 billion. Philip Morris International had a negative return on equity of 183.96% and a net margin of 10.73%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the company earned $2.24 earnings per share. Analysts anticipate that Philip Morris International Inc. will post 8.32 EPS for the current year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Friday, October 2nd were paid a $1.60 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend was Friday, October 2nd. This represents a $6.40 annualized dividend and a dividend yield of 3.1%. Philip Morris International’s payout ratio is 93.43%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. UBS Group boosted their target price on shares of Philip Morris International from $193.00 to $201.00 and gave the stock a “neutral” rating in a research note on Thursday, October 22nd. Citigroup increased their price target on shares of Philip Morris International from $210.00 to $225.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings raised shares of Philip Morris International from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, October 8th. Stifel Nicolaus raised their price target on shares of Philip Morris International from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Finally, Barclays boosted their price objective on shares of Philip Morris International from $205.00 to $225.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.70.

About Philip Morris International

Philip Morris International Inc (NYSE:PM) is a global tobacco and nicotine company headquartered in Stamford, Connecticut. It was established as an independent company in 2008 following the separation of Philip Morris International from Altria Group. The company develops, manufactures and markets tobacco, nicotine and other related consumer products primarily outside the United States.

Its portfolio includes internationally recognized cigarette brands such as Marlboro, Parliament, L&M, Chesterfield and Bond Street.