Aspiriant LLC Cuts Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Aspiriant LLC decreased its stake in shares of Philip Morris International Inc. (NYSE:PM) by 13.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,066 shares of the company’s stock after selling 477 shares during the period. Aspiriant LLC’s holdings in Philip Morris International were worth $281,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PM. Bank of Nova Scotia boosted its position in Philip Morris International by 283.5% in the fourth quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock worth $111,583,000 after purchasing an additional 876,790 shares during the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of Philip Morris International by 2.3% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after buying an additional 13,416 shares during the period. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at $1,251,000. Nebula Research & Development LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at $857,000. Finally, AJOVista LLC bought a new stake in shares of Philip Morris International in the fourth quarter valued at $137,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the topic of several research reports. Stifel Nicolaus boosted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Stock Down 0.1 %

Shares of NYSE PM opened at $101.91 on Thursday. The firm has a market capitalization of $158.43 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.10 and a beta of 0.57. The stock’s 50-day simple moving average is $99.49 and its two-hundred day simple moving average is $94.77. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the business earned $1.38 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.32 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.10%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Company 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.