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

Acadian Asset Management LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 14.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 691,182 shares of the company’s stock after selling 113,025 shares during the quarter. Acadian Asset Management LLC’s holdings in Philip Morris International were worth $63,317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Fiducient Advisors LLC raised its position in Philip Morris International by 10.0% in the 1st quarter. Fiducient Advisors LLC now owns 6,390 shares of the company’s stock valued at $593,000 after purchasing an additional 580 shares during the last quarter. Vanguard Group Inc. raised its position in Philip Morris International by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 136,556,344 shares of the company’s stock valued at $12,511,292,000 after purchasing an additional 481,636 shares during the last quarter. Alera Investment Advisors LLC raised its position in Philip Morris International by 7.6% in the 1st quarter. Alera Investment Advisors LLC now owns 3,456 shares of the company’s stock valued at $317,000 after purchasing an additional 245 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its position in Philip Morris International by 2.0% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 9,877 shares of the company’s stock valued at $905,000 after purchasing an additional 198 shares during the last quarter. Finally, Councilmark Asset Management LLC purchased a new stake in Philip Morris International in the 1st quarter valued at $1,896,000. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Philip Morris International currently has a consensus rating of “Hold” and a consensus price target of $104.22.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated 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 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 filing with the SEC, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Philip Morris International Stock Performance

PM traded down $0.34 during trading on Friday, hitting $107.12. The stock had a trading volume of 4,819,336 shares, compared to its average volume of 4,447,859. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $109.18. The firm has a market capitalization of $166.52 billion, a P/E ratio of 20.92, a PEG ratio of 2.20 and a beta of 0.58. The company’s 50-day moving average price is $102.17 and its 200 day moving average price is $96.00.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period in the prior year, the company posted $1.38 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Philip Morris International Inc. will post 6.34 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 8th. Stockholders of record on Friday, June 21st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.85%. 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.