Philip Morris International Inc. (NYSE:PM) Holdings Reduced by RWC Asset Management LLP

RWC Asset Management LLP decreased its position in Philip Morris International Inc. (NYSE:PM) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 263,224 shares of the company’s stock after selling 15,581 shares during the period. Philip Morris International makes up approximately 1.5% of RWC Asset Management LLP’s holdings, making the stock its 23rd biggest position. RWC Asset Management LLP’s holdings in Philip Morris International were worth $24,764,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ferguson Wellman Capital Management Inc. grew its position in Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after purchasing an additional 13,416 shares during the last quarter. Amica Mutual Insurance Co. grew its position in Philip Morris International by 5.5% in the 3rd quarter. Amica Mutual Insurance Co. now owns 147,492 shares of the company’s stock worth $13,655,000 after purchasing an additional 7,726 shares during the last quarter. NewEdge Wealth LLC grew its position in Philip Morris International by 69.9% in the 4th quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock worth $4,785,000 after purchasing an additional 20,918 shares during the last quarter. Chiron Investment Management LLC grew its position in Philip Morris International by 2.0% in the 3rd quarter. Chiron Investment Management LLC now owns 354,558 shares of the company’s stock worth $32,825,000 after purchasing an additional 6,981 shares during the last quarter. Finally, Country Club Bank GFN boosted its holdings in shares of Philip Morris International by 21.3% in the fourth quarter. Country Club Bank GFN now owns 77,246 shares of the company’s stock valued at $7,267,000 after acquiring an additional 13,546 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Philip Morris International news, insider Werner Barth sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Massimo Andolina sold 8,250 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,250 shares of company stock worth $3,339,528. 0.13% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Philip Morris International Stock Performance

Shares of NYSE:PM traded down $1.07 during mid-day 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 company has a market cap 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 12-month low of $87.23 and a 12-month high of $100.79. The company’s 50 day moving average is $91.90 and its 200-day moving average is $92.20.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.38 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

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