Logan Capital Management Inc. Reduces Holdings in Philip Morris International Inc. (NYSE:PM)

Logan Capital Management Inc. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,587 shares of the company’s stock after selling 1,502 shares during the quarter. Logan Capital Management Inc.’s holdings in Philip Morris International were worth $15,596,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. NewSquare Capital LLC lifted its holdings in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International in the 4th quarter valued at $33,000. Knuff & Co LLC acquired a new stake in Philip Morris International during the 4th quarter worth $36,000. Sierra Ocean LLC purchased a new position in Philip Morris International during the 4th quarter worth $37,000. Finally, Transce3nd LLC acquired a new position in Philip Morris International in the fourth quarter valued at $41,000. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the topic of a number of research reports. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Thursday, April 24th. Stifel Nicolaus raised their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and upped their target price for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Philip Morris International presently has an average rating of “Moderate Buy” and an average target price of $166.33.

Insider Buying and Selling

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the transaction, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the transaction, the chief executive officer now owns 547,426 shares in the company, valued at $81,495,308.62. The trade was a 6.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Down 1.4%

Shares of NYSE:PM opened at $169.61 on Monday. The company has a market capitalization of $264.00 billion, a P/E ratio of 37.61, a P/E/G ratio of 2.65 and a beta of 0.50. The stock’s fifty day simple moving average is $158.92 and its 200-day simple moving average is $141.18. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $176.49.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.50 earnings per share. On average, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.18%. Philip Morris International’s payout ratio is currently 111.34%.

About Philip Morris International

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.