Greenleaf Trust Lowers Holdings in Philip Morris International Inc. (NYSE:PM)

Greenleaf Trust trimmed its position in Philip Morris International Inc. (NYSE:PMFree Report) by 8.0% during the 4th quarter, HoldingsChannel reports. The firm owned 28,342 shares of the company’s stock after selling 2,470 shares during the quarter. Greenleaf Trust’s holdings in Philip Morris International were worth $2,666,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Studio Investment Management LLC lifted 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 valued at $43,000 after purchasing an additional 108 shares during the last quarter. PFG Investments LLC increased its position in shares of Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after acquiring an additional 109 shares during the period. Townsend Asset Management Corp NC ADV increased its position in shares of Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after acquiring an additional 110 shares during the period. CGC Financial Services LLC increased its position in shares of Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after acquiring an additional 110 shares during the period. Finally, Raleigh Capital Management Inc. increased its position in shares of Philip Morris International by 0.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after acquiring an additional 112 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 2.8 %

PM stock opened at $93.77 on Friday. The company’s 50-day simple moving average is $91.20 and its 200-day simple moving average is $92.03. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.79. The firm has a market cap 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:PMGet Free Report) last posted 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 firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the previous year, the company earned $1.39 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. On average, analysts anticipate that Philip Morris International Inc. will post 6.38 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

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

Insider Activity at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, 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 available at this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the transaction, the insider now directly 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 Securities & Exchange Commission, which is available at the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research report on Tuesday, February 13th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their target price for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One equities 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $105.40.

View Our Latest Stock Analysis on PM

About Philip Morris International

(Free Report)

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.

See Also

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

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