Sherbrooke Park Advisers LLC Sells 2,733 Shares of Philip Morris International Inc. (NYSE:PM)

Sherbrooke Park Advisers LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,385 shares of the company’s stock after selling 2,733 shares during the period. Sherbrooke Park Advisers LLC’s holdings in Philip Morris International were worth $1,009,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of PM. Miracle Mile Advisors LLC boosted its stake in shares of Philip Morris International by 70.5% during the 4th quarter. Miracle Mile Advisors LLC now owns 4,140 shares of the company’s stock worth $498,000 after acquiring an additional 1,712 shares in the last quarter. Sovereign Financial Group Inc. lifted its stake in Philip Morris International by 3.6% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,201 shares of the company’s stock valued at $385,000 after buying an additional 111 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in Philip Morris International by 10.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,075 shares of the company’s stock valued at $129,000 after buying an additional 100 shares in the last quarter. Acropolis Investment Management LLC lifted its stake in Philip Morris International by 77.7% in the 4th quarter. Acropolis Investment Management LLC now owns 2,612 shares of the company’s stock valued at $314,000 after buying an additional 1,142 shares in the last quarter. Finally, Rockingstone Advisors LLC lifted its stake in Philip Morris International by 2.7% in the 4th quarter. Rockingstone Advisors LLC now owns 24,377 shares of the company’s stock valued at $2,934,000 after buying an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Insider Transactions at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares in the company, valued at $4,584,994.24. This trade represents a 7.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now owns 561,349 shares in the company, valued at approximately $83,674,681.94. This trade represents a 6.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 126,822 shares of company stock valued at $18,906,185 in the last three months. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Trading Up 3.0%

Shares of PM stock opened at $168.93 on Friday. The company’s fifty day simple moving average is $159.99 and its 200-day simple moving average is $141.99. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $176.49. The company has a market cap of $262.94 billion, a PE ratio of 37.46, a P/E/G ratio of 2.65 and a beta of 0.50.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 EPS. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio is presently 111.34%.

Analyst Ratings Changes

A number of analysts have recently issued reports on PM shares. UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and raised their price target for the stock from $130.00 to $170.00 in a report on Friday, April 25th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a report on Thursday, April 24th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Citigroup lifted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, April 16th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $182.00 target price (up previously from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and a consensus target price of $166.33.

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.