Kavar Capital Partners Group LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM – Get Rating) by 5.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,513 shares of the company's stock after selling 1,084 shares during the quarter. Kavar Capital Partners Group LLC's holdings in Philip Morris International were worth $1,927,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Philip Morris International by 2.4% during the fourth quarter. BlackRock Inc. now owns 94,109,468 shares of the company's stock worth $8,940,401,000 after acquiring an additional 2,179,980 shares during the period. State Street Corp boosted its holdings in shares of Philip Morris International by 3.7% during the fourth quarter. State Street Corp now owns 56,505,116 shares of the company's stock worth $5,437,859,000 after acquiring an additional 1,992,512 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Philip Morris International by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 27,333,383 shares of the company's stock worth $2,590,702,000 after acquiring an additional 214,617 shares during the period. Fundsmith LLP boosted its holdings in shares of Philip Morris International by 5.5% during the fourth quarter. Fundsmith LLP now owns 20,423,427 shares of the company's stock worth $1,940,226,000 after acquiring an additional 1,069,807 shares during the period. Finally, GQG Partners LLC boosted its holdings in shares of Philip Morris International by 1.2% during the fourth quarter. GQG Partners LLC now owns 14,402,976 shares of the company's stock worth $1,368,162,000 after acquiring an additional 166,463 shares during the period. Institutional investors and hedge funds own 74.78% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PM. Morgan Stanley boosted their price objective on Philip Morris International from $104.00 to $112.00 and gave the stock an "overweight" rating in a report on Friday, April 22nd. Jefferies Financial Group cut their price target on Philip Morris International from $107.00 to $99.00 in a research note on Tuesday, July 19th. Bank of America boosted their price target on Philip Morris International from $107.00 to $117.00 in a research note on Sunday, April 24th. Finally, StockNews.com upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Tuesday, July 26th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $110.33.

Philip Morris International Trading Down 0.6 %

NYSE PM traded down $0.56 on Thursday, hitting $98.25. 19,292 shares of the company's stock were exchanged, compared to its average volume of 5,192,257. The stock has a 50-day moving average of $98.87 and a 200-day moving average of $100.18. Philip Morris International Inc. has a 52 week low of $85.64 and a 52 week high of $112.48. The stock has a market cap of $152.30 billion, a price-to-earnings ratio of 16.98, a P/E/G ratio of 3.90 and a beta of 0.62.

Philip Morris International (NYSE:PM – Get Rating) last released its earnings results on Thursday, July 21st. The company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.22. Philip Morris International had a negative return on equity of 115.36% and a net margin of 11.05%. The firm had revenue of $7.83 billion during the quarter, compared to analysts' expectations of $6.76 billion. During the same period in the prior year, the company earned $1.57 earnings per share. The company's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts predict that Philip Morris International Inc. will post 5.56 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Thursday, June 30th. This represents a $5.00 annualized dividend and a dividend yield of 5.09%. Philip Morris International's dividend payout ratio (DPR) is presently 85.91%.

Philip Morris International Company Profile

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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 that are sold in markets outside the United States.

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