Philip Morris International Inc. (NYSE:PM) Shares Sold by InterOcean Capital Group LLC

InterOcean Capital Group LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 43.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,558 shares of the company’s stock after selling 7,454 shares during the quarter. InterOcean Capital Group LLC’s holdings in Philip Morris International were worth $899,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PM. Ferguson Wellman Capital Management Inc. increased its position in Philip Morris International by 2.3% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock worth $56,772,000 after buying an additional 13,416 shares during the period. Gilliland Jeter Wealth Management LLC acquired a new stake in Philip Morris International in the 4th quarter valued at $1,251,000. AJOVista LLC acquired a new stake in Philip Morris International in the 4th quarter valued at $137,000. NewEdge Wealth LLC boosted its stake in Philip Morris International by 69.9% in the 4th quarter. NewEdge Wealth LLC now owns 50,865 shares of the company’s stock valued at $4,785,000 after buying an additional 20,918 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Philip Morris International by 25.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock valued at $996,104,000 after buying an additional 2,123,311 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on PM. Stifel Nicolaus boosted their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. 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 stock presently has an average rating of “Hold” and an average price target of $105.50.

Philip Morris International Trading Down 1.0 %

NYSE:PM traded down $1.05 on Thursday, hitting $100.02. The company’s stock had a trading volume of 559,039 shares, compared to its average volume of 5,540,268. The stock has a fifty day moving average of $94.51 and a two-hundred day moving average of $93.13. The firm has a market capitalization of $155.49 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 2.14 and a beta of 0.60. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.46.

Philip Morris International (NYSE:PM) last announced its 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 company 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 113.26% and a net margin of 8.58%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.38 earnings per share. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Dividend Announcement

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

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’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 transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’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 sale, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,250 shares of company stock worth $3,339,528. Company insiders own 0.13% of the company’s stock.

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.