Koshinski Asset Management Inc. Decreases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Koshinski Asset Management Inc. cut its stake in Philip Morris International Inc. (NYSE:PM) by 10.0% in the second quarter, Holdings Channel.com reports. The firm owned 8,171 shares of the company’s stock after selling 911 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Philip Morris International were worth $572,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in Philip Morris International by 2.3% during the first quarter. BlackRock Inc. now owns 96,880,168 shares of the company’s stock worth $7,068,378,000 after purchasing an additional 2,144,926 shares in the last quarter. Capital World Investors boosted its holdings in Philip Morris International by 24.0% during the 1st quarter. Capital World Investors now owns 90,972,989 shares of the company’s stock valued at $6,637,389,000 after acquiring an additional 17,583,436 shares during the period. State Street Corp grew its position in Philip Morris International by 1.1% in the 1st quarter. State Street Corp now owns 61,136,786 shares of the company’s stock valued at $4,531,459,000 after acquiring an additional 661,043 shares in the last quarter. Capital International Investors increased its stake in Philip Morris International by 19.9% during the first quarter. Capital International Investors now owns 43,979,756 shares of the company’s stock worth $3,208,763,000 after purchasing an additional 7,299,147 shares during the period. Finally, Morgan Stanley lifted its position in shares of Philip Morris International by 8.4% during the first quarter. Morgan Stanley now owns 42,365,463 shares of the company’s stock worth $3,090,983,000 after purchasing an additional 3,285,330 shares in the last quarter. Institutional investors and hedge funds own 74.56% of the company’s stock.

PM opened at $76.81 on Friday. Philip Morris International Inc. has a one year low of $56.01 and a one year high of $90.17. The company has a market cap of $119.60 billion, a P/E ratio of 16.41, a PEG ratio of 2.32 and a beta of 0.76. The business’s 50-day simple moving average is $72.98 and its 200-day simple moving average is $76.82.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.19. The firm had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $6.54 billion. Philip Morris International had a negative return on equity of 80.24% and a net margin of 9.54%. The firm’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.46 earnings per share. Analysts forecast that Philip Morris International Inc. will post 5.02 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Stockholders of record on Monday, June 22nd were issued a $1.17 dividend. This represents a $4.68 annualized dividend and a dividend yield of 6.09%. The ex-dividend date of this dividend was Friday, June 19th. Philip Morris International’s payout ratio is 90.17%.

A number of research analysts recently weighed in on PM shares. Citigroup restated a “hold” rating and issued a $75.00 price objective on shares of Philip Morris International in a report on Tuesday, June 30th. Zacks Investment Research lowered Philip Morris International from a “hold” rating to a “sell” rating and set a $74.00 price objective on the stock. in a research report on Wednesday, May 13th. Stifel Nicolaus increased their price objective on Philip Morris International from $85.00 to $90.00 in a research note on Wednesday, July 22nd. ValuEngine raised Philip Morris International from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, UBS Group increased their price target on Philip Morris International from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $90.21.

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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