Yousif Capital Management LLC Sells 8,299 Shares of Philip Morris International Inc. (NYSE:PM)

Yousif Capital Management LLC cut its holdings in Philip Morris International Inc. (NYSE:PM) by 5.4% in the fourth quarter, HoldingsChannel reports. The firm owned 145,005 shares of the company’s stock after selling 8,299 shares during the period. Yousif Capital Management LLC’s holdings in Philip Morris International were worth $13,642,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of PM. Wellington Management Group LLP lifted its stake in shares of Philip Morris International by 12.6% in the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after buying an additional 3,121,732 shares during the last quarter. Invesco Ltd. boosted its stake in Philip Morris International by 33.5% during the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after purchasing an additional 4,304,089 shares during the period. Charles Schwab Investment Management Inc. increased its position in Philip Morris International by 0.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,270,435 shares of the company’s stock worth $1,197,730,000 after buying an additional 87,946 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Philip Morris International by 3.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock valued at $769,881,000 after acquiring an additional 299,005 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Philip Morris International by 0.3% in the third quarter. Royal Bank of Canada now owns 6,806,099 shares of the company’s stock valued at $630,108,000 after acquiring an additional 20,092 shares during the period. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Up 1.2 %

NYSE PM traded up $1.18 during trading hours on Wednesday, hitting $98.84. The company’s stock had a trading volume of 8,552,203 shares, compared to its average volume of 5,679,995. The stock has a fifty day moving average of $91.46 and a 200 day moving average of $92.10. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79. The firm has a market capitalization of $153.65 billion, a P/E ratio of 19.11, a PEG ratio of 1.97 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (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 analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.38 EPS. On average, analysts predict that Philip Morris International Inc. will post 6.36 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.26%. Philip Morris International’s dividend payout ratio is 103.59%.

Insider Buying and Selling

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 in the last 90 days. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PM. Stifel Nicolaus upped their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, February 13th. One research 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. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $105.50.

Philip Morris International 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.