Philip Morris International Inc. (NYSE:PM) Stock Holdings Trimmed by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp reduced its position in Philip Morris International Inc. (NYSE:PM) by 11.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 11,655 shares of the company’s stock after selling 1,511 shares during the period. Alaska Permanent Fund Corp’s holdings in Philip Morris International were worth $1,097,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were 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 in the company, valued at $8,860,113.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock valued at $1,411,128 over the last three months. 0.13% of the stock is currently owned by insiders.

Philip Morris International Trading Down 0.3 %

NYSE PM opened at $95.76 on Friday. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.79. The company has a market capitalization of $148.86 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61. The firm’s fifty day simple moving average is $91.79 and its 200-day simple moving average is $92.18.

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. 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 net margin of 9.83% and a negative return on equity of 113.26%. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.38 earnings per share. As a group, analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.43%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s payout ratio is 101.56%.

Analysts Set New Price Targets

A number of research firms have weighed in on PM. Stifel Nicolaus upped their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their price objective for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.