Philip Morris International Inc. (NYSE:PM) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 17,366 shares of the company’s stock after selling 173 shares during the quarter. Todd Asset Management LLC’s holdings in Philip Morris International were worth $1,634,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Headlands Technologies LLC purchased a new position in shares of Philip Morris International during the 3rd quarter valued at approximately $27,000. Tennessee Valley Asset Management Partners acquired a new position in Philip Morris International during the 4th quarter worth $33,000. Legacy Financial Group LLC acquired a new position in Philip Morris International during the 3rd quarter worth $37,000. Wetzel Investment Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth about $39,000. Finally, McClarren Financial Advisors Inc. raised its stake in shares of Philip Morris International by 158.0% in the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after purchasing an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Activity

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the transaction, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was 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 owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,250 shares of company stock valued at $3,339,528. Company insiders own 0.13% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of several research analyst reports. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their price target for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Stifel Nicolaus raised their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Finally, Societe Generale upgraded 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 research note on Tuesday, February 13th. 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 stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Stock Performance

Shares of Philip Morris International stock traded up $0.09 during trading on Friday, hitting $97.40. 5,611,928 shares of the stock were exchanged, compared to its average volume of 6,838,263. The stock has a market cap of $151.41 billion, a PE ratio of 19.02, a P/E/G ratio of 2.07 and a beta of 0.60. The stock’s fifty day moving average is $92.47 and its 200 day moving average is $92.31. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $100.70.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.34%. Philip Morris International’s payout ratio is 101.56%.

Philip Morris International Company Profile

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.