Philip Morris International Inc. (NYSE:PM) Stock Holdings Trimmed by Simmons Bank

Simmons Bank reduced its stake in Philip Morris International Inc. (NYSE:PM) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,558 shares of the company’s stock after selling 150 shares during the period. Simmons Bank’s holdings in Philip Morris International were worth $1,276,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PM. Headlands Technologies LLC acquired a new position in shares of Philip Morris International during the third quarter worth approximately $27,000. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International in the fourth quarter valued at $33,000. Wetzel Investment Advisors Inc. bought a new position in shares of Philip Morris International in the fourth quarter valued at $39,000. McClarren Financial Advisors Inc. raised its stake in Philip Morris International by 158.0% during 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 during the period. Finally, Activest Wealth Management raised its stake in Philip Morris International by 1,685.7% during the 4th quarter. Activest Wealth Management now owns 500 shares of the company’s stock valued at $47,000 after purchasing an additional 472 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on 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 upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $105.50.

Philip Morris International Stock Performance

NYSE PM traded up $0.06 during trading on Tuesday, reaching $97.51. 3,960,335 shares of the company traded hands, compared to its average volume of 5,724,651. The stock’s 50 day moving average price is $92.76 and its two-hundred day moving average price is $92.38. The company has a market cap of $151.59 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 2.08 and a beta of 0.60. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.70.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.38 EPS. Equities research analysts expect 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. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.33%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Buying and Selling

In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction 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 directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock worth $3,339,528 in 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.