Philip Morris International Inc. (NYSE:PM) Shares Sold by Buckhead Capital Management LLC

Buckhead Capital Management LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,954 shares of the company’s stock after selling 665 shares during the period. Buckhead Capital Management LLC’s holdings in Philip Morris International were worth $2,159,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Essex Financial Services Inc. lifted its stake in shares of Philip Morris International by 1.4% in the 4th quarter. Essex Financial Services Inc. now owns 20,513 shares of the company’s stock valued at $1,930,000 after purchasing an additional 282 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Philip Morris International by 10.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,106,341 shares of the company’s stock valued at $198,165,000 after purchasing an additional 200,684 shares during the period. Phraction Management LLC lifted its stake in shares of Philip Morris International by 0.7% in the 4th quarter. Phraction Management LLC now owns 79,504 shares of the company’s stock valued at $7,480,000 after purchasing an additional 570 shares during the period. Hexagon Capital Partners LLC increased its holdings in Philip Morris International by 15.1% in the 4th quarter. Hexagon Capital Partners LLC now owns 11,511 shares of the company’s stock worth $1,083,000 after acquiring an additional 1,514 shares in the last quarter. Finally, Parthenon LLC increased its holdings in Philip Morris International by 0.6% in the 4th quarter. Parthenon LLC now owns 33,049 shares of the company’s stock worth $3,109,000 after acquiring an additional 204 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of PM traded up $1.11 during mid-day trading on Wednesday, hitting $96.05. 6,462,221 shares of the company’s stock were exchanged, compared to its average volume of 5,762,754. The stock’s 50-day moving average is $92.12 and its 200-day moving average is $92.22. The company has a market cap of $149.32 billion, a price-to-earnings ratio of 18.70, a P/E/G ratio of 2.02 and a beta of 0.61. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.70.

Philip Morris International (NYSE:PM) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analysts’ expectations 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 revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 6.3 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.41%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PM shares. Stifel Nicolaus boosted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Philip Morris International has an average rating of “Hold” and a consensus price target of $105.50.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction 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 transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business’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 transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock worth $3,339,528 over the last three months. Insiders own 0.14% of the company’s stock.

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.