Philip Morris International Inc. (NYSE:PM) Stock Position Lessened by Kistler Tiffany Companies LLC

Kistler Tiffany Companies LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 3.6% in the 4th quarter, HoldingsChannel reports. The firm owned 8,113 shares of the company’s stock after selling 301 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in Philip Morris International were worth $690,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its stake in Philip Morris International by 71.6% during the third quarter. Penserra Capital Management LLC now owns 1,045 shares of the company’s stock valued at $79,000 after buying an additional 436 shares in the last quarter. MUFG Americas Holdings Corp boosted its stake in Philip Morris International by 6.1% during the third quarter. MUFG Americas Holdings Corp now owns 168,225 shares of the company’s stock valued at $12,774,000 after buying an additional 9,645 shares in the last quarter. First Trust Advisors LP boosted its stake in Philip Morris International by 10.9% during the third quarter. First Trust Advisors LP now owns 1,766,825 shares of the company’s stock valued at $134,155,000 after buying an additional 173,113 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Philip Morris International by 0.5% during the third quarter. Municipal Employees Retirement System of Michigan now owns 62,230 shares of the company’s stock valued at $4,725,000 after purchasing an additional 310 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Philip Morris International by 41.5% during the second quarter. Invesco Ltd. now owns 30,080,523 shares of the company’s stock valued at $2,362,224,000 after purchasing an additional 8,824,567 shares during the last quarter. 73.05% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of Philip Morris International in a report on Tuesday, October 15th. Piper Jaffray Companies reaffirmed an “overweight” rating on shares of Philip Morris International in a report on Wednesday, January 8th. Wells Fargo & Co reduced their target price on Philip Morris International from $102.00 to $100.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Morgan Stanley upped their target price on Philip Morris International from $92.00 to $99.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Finally, ValuEngine downgraded Philip Morris International from a “sell” rating to a “strong sell” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $95.17.

Shares of NYSE PM traded down $0.24 during mid-day trading on Tuesday, hitting $87.58. 5,129,270 shares of the company traded hands, compared to its average volume of 5,171,597. The business has a 50 day moving average of $84.92 and a two-hundred day moving average of $81.22. The stock has a market capitalization of $136.53 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 2.06 and a beta of 1.00. Philip Morris International Inc. has a 1 year low of $69.20 and a 1 year high of $92.74.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, October 17th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.08. The firm had revenue of $7.64 billion during the quarter, compared to the consensus estimate of $7.65 billion. Philip Morris International had a negative return on equity of 82.33% and a net margin of 9.59%. The business’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.44 EPS. As a group, equities analysts expect that Philip Morris International Inc. will post 5.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Investors of record on Thursday, December 19th were paid a $1.17 dividend. This represents a $4.68 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Wednesday, December 18th. Philip Morris International’s dividend payout ratio is currently 91.76%.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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