Philip Morris International Inc. (PM) Position Reduced by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,561 shares of the company’s stock after selling 300 shares during the period. Chickasaw Capital Management LLC’s holdings in Philip Morris International were worth $2,574,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vectors Research Management LLC bought a new stake in Philip Morris International during the third quarter valued at approximately $128,000. Westbourne Investment Advisors Inc. bought a new stake in Philip Morris International during the third quarter valued at approximately $148,000. LFA Lugano Financial Advisors SA bought a new stake in Philip Morris International during the second quarter valued at approximately $183,000. Capital Wealth Management LLC bought a new stake in Philip Morris International during the third quarter valued at approximately $201,000. Finally, Ardsley Advisory Partners bought a new stake in shares of Philip Morris International in the 2nd quarter worth approximately $202,000. 72.70% of the stock is owned by institutional investors.

In related news, Director Louis C. Camilleri sold 59,495 shares of the company’s stock in a transaction on Thursday, November 29th. The shares were sold at an average price of $86.98, for a total transaction of $5,174,875.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.22% of the company’s stock.



NYSE:PM traded up $1.35 during midday trading on Friday, reaching $69.50. 7,147,700 shares of the stock traded hands, compared to its average volume of 7,124,387. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $111.25. The firm has a market capitalization of $105.57 billion, a P/E ratio of 14.10, a P/E/G ratio of 1.47 and a beta of 0.86.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, October 18th. The company reported $1.44 EPS for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The company had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.16 billion. During the same period in the prior year, the business posted $1.27 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Research analysts predict that Philip Morris International Inc. will post 5.01 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Thursday, December 20th will be issued a dividend of $1.14 per share. The ex-dividend date is Wednesday, December 19th. This represents a $4.56 dividend on an annualized basis and a yield of 6.56%. Philip Morris International’s dividend payout ratio is currently 92.49%.

A number of equities research analysts have recently weighed in on PM shares. ValuEngine upgraded shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a report on Friday, September 21st. Citigroup boosted their price objective on shares of Philip Morris International from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 21st. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Piper Jaffray Companies set a $99.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a report on Wednesday, October 10th. Finally, Sanford C. Bernstein started coverage on shares of Philip Morris International in a report on Tuesday, October 16th. They issued an “outperform” rating and a $97.00 price objective for the company. Three analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $92.08.

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Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

See Also: Certificate of Deposit (CD)

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

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