Philip Morris International Inc. (NYSE:PM) Shares Sold by Steph & Co.

Steph & Co. decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 3.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,853 shares of the company’s stock after selling 284 shares during the quarter. Steph & Co.’s holdings in Philip Morris International were worth $833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in Philip Morris International in the 3rd quarter valued at about $27,000. PCA Investment Advisory Services Inc. acquired a new position in Philip Morris International in the second quarter worth $27,000. Tennessee Valley Asset Management Partners bought a new stake in Philip Morris International during the fourth quarter valued at $33,000. Legacy Financial Group LLC acquired a new stake in shares of Philip Morris International during the third quarter worth $37,000. Finally, Studio Investment Management LLC lifted its position in shares of Philip Morris International by 33.8% during the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after acquiring an additional 108 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $1.08 during midday trading on Wednesday, hitting $90.58. 4,761,796 shares of the stock were exchanged, compared to its average volume of 5,494,720. The company has a market capitalization of $140.81 billion, a PE ratio of 17.83, a P/E/G ratio of 1.85 and a beta of 0.61. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $101.92. The business’s fifty day simple moving average is $91.09 and its two-hundred day simple moving average is $92.03.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm had revenue of $9.05 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the firm posted $1.39 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.74%. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Insider Activity

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold a total of 15,250 shares of company stock valued at $1,411,128 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target for the company in a research report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.40.

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.