Philip Morris International Inc. (NYSE:PM) Stock Holdings Trimmed by Accredited Investors Inc.

Accredited Investors Inc. cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 4,902 shares of the company’s stock after selling 529 shares during the quarter. Accredited Investors Inc.’s holdings in Philip Morris International were worth $590,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Philip Morris International by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 139,432,392 shares of the company’s stock valued at $16,780,688,000 after buying an additional 1,167,810 shares in the last quarter. GQG Partners LLC grew its position in shares of Philip Morris International by 14.3% during the 4th quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares in the last quarter. Geode Capital Management LLC increased its holdings in Philip Morris International by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after buying an additional 3,185,258 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Philip Morris International by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 17,276,790 shares of the company’s stock worth $2,079,262,000 after acquiring an additional 516,617 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Philip Morris International by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock worth $1,934,083,000 after purchasing an additional 2,785,987 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on PM. Barclays increased their target price on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. UBS Group upped their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley started coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Philip Morris International Trading Up 0.1 %

PM stock opened at $152.00 on Thursday. The company has a market capitalization of $236.59 billion, a PE ratio of 33.70, a P/E/G ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $163.08. The business’s fifty day moving average price is $151.14 and its 200 day moving average price is $134.20.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s dividend payout ratio is currently 119.73%.

Insider Transactions at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the sale, the chairman now owns 561,349 shares of the company’s stock, valued at $83,674,681.94. This represents a 6.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock worth $19,655,585 in the last ninety days. Insiders own 0.14% 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.