Fort Washington Investment Advisors Inc. OH Sells 65,152 Shares of Philip Morris International Inc. (NYSE:PM)

Fort Washington Investment Advisors Inc. OH lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,732,601 shares of the company’s stock after selling 65,152 shares during the quarter. Philip Morris International makes up approximately 1.2% of Fort Washington Investment Advisors Inc. OH’s portfolio, making the stock its 21st largest holding. Fort Washington Investment Advisors Inc. OH owned 0.11% of Philip Morris International worth $208,519,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in shares of Philip Morris International by 24.5% in the second quarter. American Century Companies Inc. now owns 8,701 shares of the company’s stock valued at $882,000 after purchasing an additional 1,715 shares during the period. ProShare Advisors LLC boosted its position in shares of Philip Morris International by 8.8% in the second quarter. ProShare Advisors LLC now owns 210,703 shares of the company’s stock valued at $21,351,000 after acquiring an additional 17,094 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of Philip Morris International by 24.2% in the second quarter. EverSource Wealth Advisors LLC now owns 6,846 shares of the company’s stock worth $694,000 after acquiring an additional 1,333 shares during the last quarter. GCM Grosvenor Holdings LLC bought a new position in Philip Morris International during the second quarter worth $28,372,000. Finally, Mill Creek Capital Advisors LLC raised its stake in Philip Morris International by 4.7% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 3,051 shares of the company’s stock valued at $309,000 after purchasing an additional 136 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the topic of several research analyst reports. Citigroup raised their price target on shares of Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on Philip Morris International from $125.00 to $145.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. UBS Group boosted their price objective on Philip Morris International from $103.00 to $105.00 and gave the company a “sell” rating in a research report on Wednesday, October 23rd. Finally, Barclays cut their target price on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.35.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $123.78 on Wednesday. The company has a 50 day moving average of $125.44 and a 200-day moving average of $121.61. Philip Morris International Inc. has a one year low of $87.82 and a one year high of $134.15. The stock has a market cap of $192.46 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.99 and a beta of 0.54.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm had revenue of $9.91 billion for the quarter, compared to analysts’ expectations of $9.68 billion. During the same quarter last year, the business earned $1.67 earnings per share. The company’s revenue was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Philip Morris International Inc. will post 6.5 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 4.36%. The ex-dividend date was Thursday, December 26th. Philip Morris International’s payout ratio is presently 85.71%.

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.