Wedge Capital Management L L P NC Has $28.23 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Wedge Capital Management L L P NC trimmed its stake in Philip Morris International Inc. (NYSE:PM) by 7.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 234,588 shares of the company’s stock after selling 19,052 shares during the period. Wedge Capital Management L L P NC’s holdings in Philip Morris International were worth $28,233,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of PM. Relyea Zuckerberg Hanson LLC lifted its position in shares of Philip Morris International by 112.5% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 6,852 shares of the company’s stock worth $825,000 after purchasing an additional 3,627 shares during the period. Everpar Advisors LLC boosted its position in Philip Morris International by 4.0% during the fourth quarter. Everpar Advisors LLC now owns 4,504 shares of the company’s stock valued at $542,000 after acquiring an additional 172 shares during the last quarter. Tompkins Financial Corp grew its holdings in Philip Morris International by 72.4% during the 4th quarter. Tompkins Financial Corp now owns 11,688 shares of the company’s stock worth $1,407,000 after acquiring an additional 4,910 shares during the period. Capital Planning LLC raised its position in shares of Philip Morris International by 7.1% in the 4th quarter. Capital Planning LLC now owns 2,613 shares of the company’s stock worth $318,000 after acquiring an additional 173 shares in the last quarter. Finally, Cypress Wealth Services LLC lifted its stake in shares of Philip Morris International by 9.5% in the 4th quarter. Cypress Wealth Services LLC now owns 7,391 shares of the company’s stock valued at $889,000 after purchasing an additional 643 shares during the period. 78.63% of the stock is owned by institutional investors.

Insider Activity at Philip Morris International

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

Analyst Ratings Changes

Several research firms recently commented on PM. UBS Group raised their target price on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday. They issued an “overweight” rating and a $140.00 price objective for the company. The Goldman Sachs Group increased their target price on shares of Philip Morris International from $126.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Stifel Nicolaus reiterated a “buy” rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Philip Morris International from $118.00 to $135.00 and gave the company a “buy” rating in a research note on Tuesday, October 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.35.

Philip Morris International Trading Up 1.7 %

Shares of Philip Morris International stock opened at $121.88 on Friday. The company has a market capitalization of $189.51 billion, a P/E ratio of 19.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.54. The stock has a fifty day simple moving average of $125.59 and a 200 day simple moving average of $121.05. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15.

Philip Morris International (NYSE:PM) last announced its 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. Philip Morris International had a net margin of 10.35% and a negative return on equity of 117.94%. The company had revenue of $9.91 billion during the quarter, compared to the consensus estimate of $9.68 billion. During the same quarter in the prior year, the company posted $1.67 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio is presently 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.