Philip Morris International Inc (NYSE:PM) Shares Sold by Honeywell International Inc.

Honeywell International Inc. reduced its stake in Philip Morris International Inc (NYSE:PM) by 85.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 large investors have also added to or reduced their stakes in the company. Cedar Rock Capital Ltd. increased its stake in Philip Morris International by 0.5% in the fourth quarter. Cedar Rock Capital Ltd. now owns 11,945,653 shares of the company’s stock valued at $1,092,908,000 after buying an additional 58,068 shares during the last quarter. Gardner Russo & Gardner LLC boosted its position in shares of Philip Morris International by 0.5% in the fourth quarter. Gardner Russo & Gardner LLC now owns 10,363,811 shares of the company’s stock valued at $948,185,000 after buying an additional 49,798 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Philip Morris International by 16.5% in the fourth quarter. Franklin Resources Inc. now owns 8,753,376 shares of the company’s stock valued at $800,847,000 after buying an additional 1,240,300 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in shares of Philip Morris International during the fourth quarter valued at about $351,755,000. Finally, Asset Management One Co. Ltd. boosted its position in shares of Philip Morris International by 798.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,957,580 shares of the company’s stock valued at $270,668,000 after buying an additional 2,628,447 shares during the last quarter. Institutional investors own 72.32% of the company’s stock.

Philip Morris International Inc (NYSE:PM) opened at 117.21 on Wednesday. Philip Morris International Inc has a 52-week low of $86.78 and a 52-week high of $123.55. The stock’s 50 day moving average price is $118.52 and its 200-day moving average price is $107.63. The stock has a market capitalization of $182.04 billion, a PE ratio of 25.94 and a beta of 0.94.

Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, April 20th. The company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by $0.05. Philip Morris International had a negative return on equity of 65.44% and a net margin of 9.40%. The company had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.47 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts expect that Philip Morris International Inc will post $4.90 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd were given a dividend of $1.04 per share. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $4.16 dividend on an annualized basis and a yield of 3.55%. Philip Morris International’s dividend payout ratio is currently 92.04%.

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Several brokerages have issued reports on PM. Vetr cut Philip Morris International from a “hold” rating to a “sell” rating and set a $117.88 target price on the stock. in a research report on Monday, June 19th. Jefferies Group LLC reissued a “hold” rating and issued a $121.00 target price on shares of Philip Morris International in a research report on Tuesday, June 20th. BidaskClub raised Philip Morris International from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Wells Fargo & Company reissued an “outperform” rating on shares of Philip Morris International in a research report on Friday, June 9th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $134.00 target price on shares of Philip Morris International in a research report on Thursday, June 1st. Five research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $119.69.

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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