Stephens Consulting LLC Sells 276 Shares of Philip Morris International Inc. (NYSE:PM)

Stephens Consulting LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 15.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,464 shares of the company’s stock after selling 276 shares during the period. Stephens Consulting LLC’s holdings in Philip Morris International were worth $138,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PM. Invesco Ltd. boosted its holdings in shares of Philip Morris International by 33.5% in the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after purchasing an additional 4,304,089 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after purchasing an additional 3,121,732 shares in the last quarter. Boston Partners boosted its holdings in shares of Philip Morris International by 38.5% during the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock valued at $456,368,000 after acquiring an additional 1,372,520 shares in the last quarter. London Co. of Virginia boosted its holdings in shares of Philip Morris International by 52.2% during the 3rd quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock valued at $287,956,000 after acquiring an additional 1,066,871 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Philip Morris International by 24.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock valued at $448,246,000 after acquiring an additional 958,894 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PM. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their price objective for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, 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 report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $105.40.

Insider Transactions at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were 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 directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,250 shares of company stock valued at $1,411,128. Corporate insiders own 0.14% of the company’s stock.

Philip Morris International Trading Up 0.3 %

NYSE:PM traded up $0.29 during trading hours on Monday, hitting $94.06. 8,655,592 shares of the company were exchanged, compared to its average volume of 5,558,441. The stock has a market capitalization of $146.22 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 1.96 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. The company has a fifty day simple moving average of $91.20 and a 200 day simple moving average of $92.05.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the prior year, the business earned $1.39 earnings per share. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts predict that Philip Morris International Inc. will post 6.38 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

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.