Greenleaf Trust Sells 2,470 Shares of Philip Morris International Inc. (NYSE:PM)

Greenleaf Trust lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,342 shares of the company’s stock after selling 2,470 shares during the period. Greenleaf Trust’s holdings in Philip Morris International were worth $2,666,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter worth $27,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of Philip Morris International during the 2nd quarter worth $27,000. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the 4th quarter worth $33,000. Legacy Financial Group LLC acquired a new stake in shares of Philip Morris International during the 3rd quarter worth $37,000. Finally, Studio Investment Management LLC grew its holdings in shares of Philip Morris International by 33.8% during the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after purchasing an additional 108 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PM. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. 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. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $105.40.

Philip Morris International Trading Up 2.8 %

PM opened at $93.77 on Friday. The stock has a 50-day moving average price of $91.20 and a 200-day moving average price of $92.03. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $100.79. The stock has a market capitalization of $145.77 billion, a P/E ratio of 18.68, a PEG ratio of 1.90 and a beta of 0.61.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm had revenue of $9.05 billion during the quarter, compared to analysts’ expectations of $8.99 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. Philip Morris International’s revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities research analysts predict that Philip Morris International Inc. will post 6.38 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Insider Activity

In other news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,250 shares of company stock valued at $1,411,128. Insiders own 0.13% of the company’s stock.

Philip Morris International Company 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.