Raab & Moskowitz Asset Management LLC Sells 504 Shares of Philip Morris International Inc. (NYSE:PM)

Raab & Moskowitz Asset Management LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 3.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,008 shares of the company’s stock after selling 504 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Philip Morris International were worth $1,506,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Invesco Ltd. grew its position in Philip Morris International by 33.5% during the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after buying an additional 4,304,089 shares during the period. Wellington Management Group LLP grew its position in 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 buying an additional 3,121,732 shares during the period. Boston Partners lifted its holdings in Philip Morris International by 38.5% during the third quarter. Boston Partners now owns 4,940,922 shares of the company’s stock valued at $456,368,000 after purchasing an additional 1,372,520 shares in the last quarter. London Co. of Virginia lifted its holdings in Philip Morris International by 52.2% during the third quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock valued at $287,956,000 after purchasing an additional 1,066,871 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Philip Morris International by 24.7% during the third quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock valued at $448,246,000 after purchasing an additional 958,894 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Stock Performance

PM stock opened at $95.02 on Friday. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The company’s fifty day moving average price is $91.90 and its 200-day moving average price is $92.18. The company has a market capitalization of $147.71 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter in the previous year, the firm earned $1.38 earnings per share. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, research analysts predict that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm 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. This represents a $5.20 annualized dividend and a yield of 5.47%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Buying and Selling

In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the business’s 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 owns 94,629 shares in the company, valued at $8,860,113.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,250 shares of company stock worth $3,339,528. Insiders own 0.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PM. UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a report on Tuesday, February 13th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, Stifel Nicolaus lifted their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and an average 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.