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

Quent Capital LLC decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,872 shares of the company’s stock after selling 366 shares during the quarter. Quent Capital LLC’s holdings in Philip Morris International were worth $190,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of PM. GQG Partners LLC boosted its stake in Philip Morris International by 5,006.0% in the first quarter. GQG Partners LLC now owns 5,958,391 shares of the company’s stock worth $545,908,000 after buying an additional 5,841,696 shares in the last quarter. Capital Research Global Investors boosted its stake in Philip Morris International by 9.1% in the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after buying an additional 4,869,272 shares in the last quarter. Lone Pine Capital LLC purchased a new stake in Philip Morris International in the fourth quarter worth approximately $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Philip Morris International by 25.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after buying an additional 2,123,311 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in Philip Morris International by 5,045.1% in the first quarter. Van ECK Associates Corp now owns 2,122,729 shares of the company’s stock worth $194,484,000 after buying an additional 2,081,472 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, July 25th. The stock was sold at an average price of $113.01, for a total transaction of $2,260,200.00. Following the completion of the transaction, the insider now owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.13% of the company’s stock.

Philip Morris International Trading Up 0.6 %

PM traded up $0.63 during trading on Tuesday, reaching $114.19. The stock had a trading volume of 6,274,484 shares, compared to its average volume of 5,443,429. The company has a market capitalization of $177.51 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.35 and a beta of 0.58. The stock’s 50 day moving average is $105.11 and its two-hundred day moving average is $97.43. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $119.06.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.57 by $0.02. The business had revenue of $9.47 billion during the quarter, compared to analyst estimates of $9.19 billion. Philip Morris International had a negative return on equity of 113.32% and a net margin of 9.41%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.60 earnings per share. On average, equities research analysts predict that Philip Morris International Inc. will post 6.41 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.55%. The ex-dividend date was Friday, June 21st. Philip Morris International’s dividend payout ratio is currently 101.56%.

Analysts Set New Price Targets

Several analysts have issued reports on PM shares. Deutsche Bank Aktiengesellschaft upped 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, July 25th. Stifel Nicolaus boosted their price objective on Philip Morris International from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Thursday, July 25th. Bank of America boosted their price objective on Philip Morris International from $110.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $107.80.

Philip Morris International 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.