Honeywell International Inc. Sells 407,500 Shares of Philip Morris International Inc (NYSE:PM)

Honeywell International Inc. lowered its stake in Philip Morris International Inc (NYSE:PM) by 85.5% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 69,000 shares of the company’s stock after selling 407,500 shares during the period. Honeywell International Inc.’s holdings in Philip Morris International were worth $7,790,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Nicholas Co. Inc. WI raised its stake in shares of Philip Morris International by 6.7% in the fourth quarter. Nicholas Co. Inc. WI now owns 606,755 shares of the company’s stock worth $55,512,000 after buying an additional 37,840 shares during the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in Philip Morris International during the fourth quarter worth $2,925,000. Gyroscope Capital Management Group LLC raised its stake in Philip Morris International by 10.5% in the fourth quarter. Gyroscope Capital Management Group LLC now owns 47,254 shares of the company’s stock worth $4,323,000 after buying an additional 4,484 shares in the last quarter. Sii Investments Inc. WI raised its stake in Philip Morris International by 7.2% in the fourth quarter. Sii Investments Inc. WI now owns 9,626 shares of the company’s stock worth $879,000 after buying an additional 643 shares in the last quarter. Finally, Good Life Advisors LLC bought a new stake in Philip Morris International during the fourth quarter worth $951,000. Hedge funds and other institutional investors own 72.33% of the company’s stock.

Philip Morris International Inc (PM) traded up 0.24% during midday trading on Friday, reaching $114.76. 4,567,961 shares of the company traded hands. Philip Morris International Inc has a 12 month low of $86.78 and a 12 month high of $123.55. The firm has a 50 day moving average of $118.90 and a 200-day moving average of $112.12. The stock has a market capitalization of $178.24 billion, a price-to-earnings ratio of 25.43 and a beta of 0.93.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, July 20th. The company reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.23 by $0.09. Philip Morris International had a negative return on equity of 66.18% and a net margin of 9.36%. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the firm earned $1.15 earnings per share. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. Analysts forecast that Philip Morris International Inc will post $4.83 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 23rd were given a $1.04 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a dividend yield of 3.62%. Philip Morris International’s payout ratio is presently 92.24%.

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Several equities analysts recently commented on the company. BidaskClub lowered Philip Morris International from a “hold” rating to a “sell” rating in a report on Saturday. Piper Jaffray Companies restated an “overweight” rating and issued a $134.00 price objective on shares of Philip Morris International in a research note on Monday, July 31st. Citigroup Inc. restated a “neutral” rating and issued a $125.00 price objective (down previously from $128.00) on shares of Philip Morris International in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, TheStreet upgraded shares of Philip Morris International from a “c+” rating to a “b-” rating in a research note on Thursday, July 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the stock. Philip Morris International currently has an average rating of “Buy” and a consensus target price of $122.00.

Philip Morris International Company Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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

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