Philip Morris International Inc. (NYSE:PM) Shares Sold by Northside Capital Management LLC

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Northside Capital Management LLC lessened its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,787 shares of the company’s stock after selling 143 shares during the quarter. Philip Morris International makes up 0.4% of Northside Capital Management LLC’s holdings, making the stock its 29th biggest position. Northside Capital Management LLC’s holdings in Philip Morris International were worth $1,199,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PM. Titan Capital Management LLC CA purchased a new position in Philip Morris International during the second quarter valued at $30,000. River & Mercantile Asset Management LLP purchased a new position in Philip Morris International during the second quarter valued at $32,000. Manchester Financial Inc. purchased a new position in Philip Morris International during the second quarter valued at $36,000. Brand Asset Management Group Inc. lifted its holdings in Philip Morris International by 34.9% during the second quarter. Brand Asset Management Group Inc. now owns 472 shares of the company’s stock valued at $37,000 after purchasing an additional 122 shares in the last quarter. Finally, Prestige Wealth Management Group LLC purchased a new position in Philip Morris International during the second quarter valued at $38,000. Institutional investors own 74.11% of the company’s stock.

In related news, insider Mario Masseroli sold 1,100 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were sold at an average price of $87.42, for a total transaction of $96,162.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is currently owned by company insiders.

Several equities analysts have issued reports on the stock. Cowen reaffirmed a “hold” rating on shares of Philip Morris International in a report on Thursday, September 12th. Morgan Stanley decreased their price target on shares of Philip Morris International from $94.00 to $86.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. ValuEngine downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. set a $86.00 price target on shares of Philip Morris International and gave the stock a “neutral” rating in a research note on Wednesday, August 28th. Finally, Barclays raised shares of Philip Morris International from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $82.00 to $100.00 in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Philip Morris International has a consensus rating of “Hold” and a consensus price target of $93.92.

Shares of NYSE:PM traded up $0.44 during midday trading on Friday, hitting $78.19. The company’s stock had a trading volume of 2,643,187 shares, compared to its average volume of 8,054,017. The business’s 50 day simple moving average is $74.99 and its 200 day simple moving average is $81.14. The company has a market cap of $118.82 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. Philip Morris International Inc. has a 12-month low of $64.67 and a 12-month high of $92.74.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 18th. The company reported $1.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.13. Philip Morris International had a net margin of 10.03% and a negative return on equity of 80.96%. The firm had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.42 billion. During the same period last year, the business earned $1.41 earnings per share. Philip Morris International’s revenue was down .3% compared to the same quarter last year. Sell-side analysts forecast that Philip Morris International Inc. will post 5.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Wednesday, September 25th will be given a dividend of $1.17 per share. This is a boost from Philip Morris International’s previous quarterly dividend of $1.14. This represents a $4.68 annualized dividend and a yield of 5.99%. The ex-dividend date is Tuesday, September 24th. Philip Morris International’s dividend payout ratio (DPR) is presently 91.76%.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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