Intech Investment Management LLC Sells 32,418 Shares of Philip Morris International Inc. (NYSE:PM)

Intech Investment Management LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 30.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,452 shares of the company’s stock after selling 32,418 shares during the quarter. Intech Investment Management LLC’s holdings in Philip Morris International were worth $7,099,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PM. Headlands Technologies LLC bought a new stake in shares of Philip Morris International during the third quarter worth approximately $27,000. Tennessee Valley Asset Management Partners bought a new stake in shares of Philip Morris International during the 4th quarter valued at $33,000. Northwest Financial Advisors acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Wetzel Investment Advisors Inc. bought a new position in shares of Philip Morris International in the 4th quarter worth $39,000. Finally, McClarren Financial Advisors Inc. grew its stake in shares of Philip Morris International by 158.0% during the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after purchasing an additional 278 shares during the period. 78.63% of the stock is owned by institutional investors.

Philip Morris International Price Performance

PM stock traded up $0.28 during trading hours on Friday, reaching $99.93. 4,053,913 shares of the stock were exchanged, compared to its average volume of 4,802,444. The company has a market cap of $155.35 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.13 and a beta of 0.60. The firm’s 50-day moving average is $94.74 and its 200-day moving average is $93.25. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $101.46.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the company earned $1.38 earnings per share. As a group, equities research analysts forecast that Philip Morris International Inc. will post 6.29 earnings per share for the current 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 issued a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.20%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at this link. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock valued at $3,339,528 over the last 90 days. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on PM shares. Argus reissued a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus increased their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Finally, Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has an average rating of “Hold” and a consensus target price of $105.50.

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.