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

Logan Capital Management Inc. lowered its position in Philip Morris International Inc. (NYSE:PM) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 131,089 shares of the company’s stock after selling 11,397 shares during the period. Logan Capital Management Inc.’s holdings in Philip Morris International were worth $15,914,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in PM. Lantz Financial LLC boosted its holdings in Philip Morris International by 2.8% in the second quarter. Lantz Financial LLC now owns 5,651 shares of the company’s stock valued at $573,000 after acquiring an additional 153 shares during the last quarter. Triad Wealth Partners LLC purchased a new position in Philip Morris International in the second quarter valued at approximately $106,000. Blue Trust Inc. grew its stake in Philip Morris International by 17.8% during the second quarter. Blue Trust Inc. now owns 20,506 shares of the company’s stock worth $2,078,000 after buying an additional 3,104 shares during the period. Rovin Capital UT ADV purchased a new position in Philip Morris International in the second quarter valued at about $411,000. Finally, Gradient Investments LLC increased its stake in Philip Morris International by 183.3% during the 2nd quarter. Gradient Investments LLC now owns 2,187 shares of the company’s stock worth $222,000 after buying an additional 1,415 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on PM shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. The Goldman Sachs Group upped their price objective on Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 23rd. Stifel Nicolaus restated a “buy” rating and issued a $145.00 price target (up from $138.00) on shares of Philip Morris International in a research report on Wednesday, October 23rd. Finally, Barclays boosted their price objective on shares of Philip Morris International from $145.00 to $155.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

Insiders Place Their Bets

In other news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the completion of the transaction, the insider now directly owns 95,418 shares of the company’s stock, valued at approximately $12,402,431.64. This trade represents a 7.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Andre Calantzopoulos sold 101,918 shares of the firm’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.85, for a total value of $13,234,052.30. Following the completion of the sale, the chairman now owns 959,761 shares of the company’s stock, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

NYSE:PM traded down $0.50 during mid-day trading on Friday, reaching $126.50. The stock had a trading volume of 149,954 shares, compared to its average volume of 5,334,235. The business’s 50 day moving average is $127.35 and its 200 day moving average is $117.60. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $134.15. The stock has a market cap of $196.69 billion, a P/E ratio of 20.16, a PEG ratio of 2.22 and a beta of 0.53.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, beating the consensus estimate of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 earnings per share. Equities analysts expect that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 13th. Stockholders of record on Thursday, December 26th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.27%. Philip Morris International’s dividend payout ratio is currently 85.71%.

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.