Flossbach von Storch AG Zurich Lowers Stake in Philip Morris International Inc. (NYSE:PM)

Flossbach von Storch AG Zurich lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 127,500 shares of the company’s stock after selling 3,650 shares during the period. Philip Morris International accounts for about 9.2% of Flossbach von Storch AG Zurich’s portfolio, making the stock its 3rd biggest position. Flossbach von Storch AG Zurich’s holdings in Philip Morris International were worth $10,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Psagot Investment House Ltd. lifted its stake in shares of Philip Morris International by 34.9% during the 3rd quarter. Psagot Investment House Ltd. now owns 3,301 shares of the company’s stock valued at $251,000 after buying an additional 854 shares in the last quarter. Colony Group LLC lifted its stake in Philip Morris International by 3.3% in the 3rd quarter. Colony Group LLC now owns 71,166 shares of the company’s stock worth $5,404,000 after purchasing an additional 2,262 shares in the last quarter. USA Mutuals Advisors Inc. lifted its stake in Philip Morris International by 5.6% in the 3rd quarter. USA Mutuals Advisors Inc. now owns 75,000 shares of the company’s stock worth $5,695,000 after purchasing an additional 4,000 shares in the last quarter. State Street Corp lifted its stake in Philip Morris International by 2.5% in the 3rd quarter. State Street Corp now owns 61,352,264 shares of the company’s stock worth $4,729,968,000 after purchasing an additional 1,511,680 shares in the last quarter. Finally, SWS Partners purchased a new stake in Philip Morris International in the 3rd quarter worth $603,000. Hedge funds and other institutional investors own 73.70% of the company’s stock.

Several analysts have commented on PM shares. Piper Jaffray Companies reiterated an “overweight” rating on shares of Philip Morris International in a research note on Wednesday, January 8th. UBS Group reiterated a “buy” rating and issued a $101.00 price target on shares of Philip Morris International in a research note on Tuesday, February 11th. Citigroup cut shares of Philip Morris International from a “buy” rating to a “neutral” rating and set a $90.00 price target on the stock. in a research note on Monday, December 2nd. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley reduced their target price on shares of Philip Morris International from $99.00 to $93.00 and set an “overweight” rating on the stock in a report on Wednesday, March 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $96.50.

In related news, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $87.50, for a total transaction of $4,375,000.00. Following the transaction, the chief executive officer now directly owns 882,385 shares in the company, valued at approximately $77,208,687.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Marc S. Firestone sold 22,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $86.27, for a total transaction of $1,897,940.00. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

Shares of Philip Morris International stock traded up $0.90 during trading hours on Wednesday, reaching $64.50. The company’s stock had a trading volume of 106,032 shares, compared to its average volume of 9,392,409. The firm has a 50 day moving average price of $82.17 and a 200-day moving average price of $81.87. Philip Morris International Inc. has a one year low of $56.01 and a one year high of $90.17. The stock has a market cap of $93.32 billion, a P/E ratio of 13.99, a P/E/G ratio of 1.22 and a beta of 0.94.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.01. Philip Morris International had a net margin of 9.21% and a negative return on equity of 84.30%. The firm had revenue of $7.71 billion for the quarter, compared to the consensus estimate of $7.64 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. Research analysts anticipate that Philip Morris International Inc. will post 5.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 9th. Investors of record on Monday, March 23rd will be issued a dividend of $1.17 per share. The ex-dividend date is Friday, March 20th. This represents a $4.68 annualized dividend and a yield of 7.26%. Philip Morris International’s payout ratio is 90.17%.

Philip Morris International Company Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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

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