Janus Henderson Group PLC Sells 85,559 Shares of Philip Morris International Inc. (NYSE:PM)

Janus Henderson Group PLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 39.3% in the first quarter, Holdings Channel reports. The fund owned 132,029 shares of the company’s stock after selling 85,559 shares during the quarter. Janus Henderson Group PLC’s holdings in Philip Morris International were worth $12,093,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PM. Kessler Investment Group LLC acquired a new stake in Philip Morris International during the 1st quarter valued at approximately $25,000. Boyd Watterson Asset Management LLC OH lifted its stake in Philip Morris International by 250.0% in the first quarter. Boyd Watterson Asset Management LLC OH now owns 322 shares of the company’s stock valued at $30,000 after buying an additional 230 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in Philip Morris International in the fourth quarter worth $33,000. Northwest Financial Advisors acquired a new stake in Philip Morris International in the fourth quarter worth $33,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of Philip Morris International during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PM shares. Bank of America upped their target price on shares of Philip Morris International from $110.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research note on Monday, July 22nd. 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 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 note on Wednesday, July 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Philip Morris International from $116.00 to $118.00 and gave the stock a “buy” rating in a report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Philip Morris International currently has an average rating of “Moderate Buy” and a consensus target price of $107.80.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 158,447 shares of the company’s stock, valued at $17,906,095.47. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Up 2.0 %

Shares of PM opened at $117.44 on Friday. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $117.83. The stock has a market cap of $182.60 billion, a P/E ratio of 22.94, a P/E/G ratio of 2.30 and a beta of 0.57. The business’s 50 day moving average price is $104.48 and its 200-day moving average price is $97.09.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, July 23rd. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates 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 quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.60 EPS. On average, equities analysts anticipate that Philip Morris International Inc. will post 6.41 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 8th. Shareholders of record on Friday, June 21st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 4.43%. The ex-dividend date was Friday, June 21st. Philip Morris International’s dividend payout ratio is presently 101.56%.

About Philip Morris International

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.