Intact Investment Management Inc. Decreases Position in Philip Morris International Inc. (NYSE:PM)

Intact Investment Management Inc. decreased its position in Philip Morris International Inc. (NYSE:PM) by 8.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 153,200 shares of the company’s stock after selling 13,600 shares during the period. Intact Investment Management Inc.’s holdings in Philip Morris International were worth $14,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. PFG Investments LLC raised its holdings in Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after purchasing an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV grew its position in shares of Philip Morris International by 3.8% in the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after purchasing an additional 110 shares during the last quarter. CGC Financial Services LLC boosted its position in Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after acquiring an additional 110 shares during the last quarter. Raleigh Capital Management Inc. boosted its position in Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after acquiring an additional 112 shares during the last quarter. Finally, Apexium Financial LP boosted its position in Philip Morris International by 4.9% during the third quarter. Apexium Financial LP now owns 2,467 shares of the company’s stock worth $229,000 after acquiring an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PM shares. Stifel Nicolaus increased their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. Finally, UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $105.50.

Insider Transactions at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,250 shares of company stock worth $3,339,528. 0.13% of the stock is owned by insiders.

Philip Morris International Stock Down 1.1 %

Shares of Philip Morris International stock traded down $1.07 during trading on Friday, hitting $95.02. The stock had a trading volume of 5,391,012 shares, compared to its average volume of 6,541,754. The stock has a 50 day simple moving average of $91.90 and a 200 day simple moving average of $92.20. The company has a market capitalization of $147.71 billion, a PE ratio of 18.55, a P/E/G ratio of 2.03 and a beta of 0.61. Philip Morris International Inc. has a 1 year low of $87.23 and a 1 year high of $100.79.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the previous year, the firm posted $1.38 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is 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.