Cullinan Associates Inc. Sells 4,510 Shares of Philip Morris International Inc. (NYSE:PM)

Cullinan Associates Inc. decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 8.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,736 shares of the company’s stock after selling 4,510 shares during the period. Cullinan Associates Inc.’s holdings in Philip Morris International were worth $4,282,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tennessee Valley Asset Management Partners acquired a new stake in shares of Philip Morris International during the fourth quarter worth about $33,000. Northwest Financial Advisors purchased a new stake in Philip Morris International in the fourth quarter valued at $33,000. Ables Iannone Moore & Associates Inc. acquired a new stake in Philip Morris International during the 4th quarter worth about $38,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Philip Morris International during the 4th quarter valued at about $39,000. Finally, Quarry LP grew its holdings in Philip Morris International by 307.5% during the fourth quarter. Quarry LP now owns 436 shares of the company’s stock worth $41,000 after acquiring an additional 329 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

Philip Morris International Stock Up 0.1 %

Philip Morris International stock traded up $0.14 during mid-day trading on Tuesday, reaching $101.39. 1,127,978 shares of the company’s stock were exchanged, compared to its average volume of 5,446,930. The company has a fifty day moving average of $100.08 and a 200-day moving average of $94.94. The company has a market cap of $157.62 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.08 and a beta of 0.58. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.38 EPS. Equities research analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be paid a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 5.13%. Philip Morris International’s dividend payout ratio is presently 101.56%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PM. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International has a consensus rating of “Hold” and an average target price of $104.22.

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.