Philip Morris International Inc. (NYSE:PM) Shares Sold by Bokf Na

Bokf Na reduced its position in Philip Morris International Inc. (NYSE:PM) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,618 shares of the company’s stock after selling 2,042 shares during the quarter. Bokf Na’s holdings in Philip Morris International were worth $7,097,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. KCM Investment Advisors LLC grew its position in Philip Morris International by 2.8% in the 1st quarter. KCM Investment Advisors LLC now owns 3,868 shares of the company’s stock valued at $354,000 after acquiring an additional 104 shares in the last quarter. Smallwood Wealth Investment Management LLC grew its position in Philip Morris International by 0.6% in the 1st quarter. Smallwood Wealth Investment Management LLC now owns 17,495 shares of the company’s stock valued at $1,603,000 after acquiring an additional 108 shares in the last quarter. 1ST Source Bank grew its position in Philip Morris International by 4.1% in the 1st quarter. 1ST Source Bank now owns 2,742 shares of the company’s stock valued at $251,000 after acquiring an additional 108 shares in the last quarter. PFG Investments LLC grew its position in Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after acquiring an additional 109 shares in the last quarter. Finally, McKinley Carter Wealth Services Inc. grew its position in Philip Morris International by 4.7% in the 1st quarter. McKinley Carter Wealth Services Inc. now owns 2,460 shares of the company’s stock valued at $225,000 after acquiring an additional 111 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PM. StockNews.com raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. Bank of America boosted their price objective on Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus boosted their price objective on Philip Morris International from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $110.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.80.

Philip Morris International Stock Up 0.1 %

Shares of NYSE PM traded up $0.16 during mid-day trading on Friday, hitting $113.36. 5,381,717 shares of the company were exchanged, compared to its average volume of 4,451,253. The stock has a 50 day simple moving average of $103.26 and a 200-day simple moving average of $96.53. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $113.68. The firm has a market cap of $176.22 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 2.30 and a beta of 0.58.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, July 23rd. The company reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.02. Philip Morris International had a negative return on equity of 113.32% and a net margin of 10.92%. The firm had revenue of $9.47 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same period last year, the company earned $1.60 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. Analysts anticipate that Philip Morris International Inc. will post 6.4 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s payout ratio is 101.56%.

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.