Investment Firm Lowers Position in Philip Morris International Inc. (NYSE:PM)

Are you interested in the latest news and updates on Philip Morris International Inc. (NYSE:PM)? Well, you’re in luck because we have all the information you need right here in this blog post.

First off, let’s talk about institutional investors and their recent activity with Philip Morris International. Lazard Asset Management LLC recently lowered its position in the company by 12.8% in the 1st quarter, selling nearly 6,000 shares. However, several other institutional investors have either added to or reduced their stakes in PM, showing a diverse range of opinions on the stock.

Now, let’s dive into the price performance of Philip Morris International. With a market capitalization of nearly $178 billion, a PE ratio of 22.34, and a beta of 0.58, PM has been showing strong performance. The company’s recent earnings report beat analysts’ estimates, with a net margin of 10.92% and a positive revenue growth year-over-year.

In terms of dividends, Philip Morris International recently announced a quarterly dividend of $1.30 per share, representing a dividend yield of 4.55%. The company’s payout ratio is 101.56%, indicating a strong commitment to rewarding shareholders.

Wall Street analysts have also weighed in on PM, with several firms giving the stock a “buy” rating and lifting their price targets. This positive sentiment from analysts reflects the potential growth and stability of Philip Morris International in the market.

Lastly, insider transactions at Philip Morris International have also been making headlines, with insider Wilde Frederic De selling 20,000 shares of the company’s stock. This transaction, along with other insider activities, provides valuable insights into the company’s operations and future prospects.

Overall, Philip Morris International is a company with a strong presence in the tobacco industry, but is also working towards a smoke-free future with innovative products. With a diverse portfolio and positive market performance, PM is definitely a stock to watch. Stay tuned for more updates on Philip Morris International and other market news.