Cypress Capital Management LLC WY Reduces Position in Philip Morris International Inc. (NYSE:PM)

Cypress Capital Management LLC WY cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 19.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,300 shares of the company’s stock after selling 1,275 shares during the quarter. Cypress Capital Management LLC WY’s holdings in Philip Morris International were worth $506,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Headlands Technologies LLC bought a new stake in shares of Philip Morris International during the third quarter valued at about $27,000. Tennessee Valley Asset Management Partners bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $33,000. Legacy Financial Group LLC bought a new position in shares of Philip Morris International in the third quarter worth approximately $37,000. Wetzel Investment Advisors Inc. bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $39,000. Finally, McClarren Financial Advisors Inc. increased its position in shares of Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after purchasing an additional 278 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction on 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 approximately $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock worth $3,339,528 in the last quarter. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research note on Tuesday, February 13th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the company from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Stifel Nicolaus increased their price objective on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $105.50.

Philip Morris International Trading Up 0.3 %

PM traded up $0.25 on Monday, hitting $95.27. 2,119,728 shares of the company’s stock traded hands, compared to its average volume of 5,724,135. The company’s 50 day simple moving average is $91.90 and its 200-day simple moving average is $92.18. The firm has a market cap of $148.10 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The business 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 company posted $1.38 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 101.56%.

About Philip Morris International

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.