Strategic Advisors LLC Sells 348 Shares of Philip Morris International Inc. (NYSE:PM)

Strategic Advisors LLC lowered its stake in Philip Morris International Inc. (NYSE:PM) by 7.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,092 shares of the company’s stock after selling 348 shares during the period. Strategic Advisors LLC’s holdings in Philip Morris International were worth $375,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Capital Research Global Investors boosted its stake in shares of Philip Morris International by 9.1% in the 4th quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock valued at $5,495,794,000 after purchasing an additional 4,869,272 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after acquiring an additional 3,121,732 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Philip Morris International by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after acquiring an additional 125,919 shares during the last quarter. Northern Trust Corp grew its holdings in Philip Morris International by 0.6% during the fourth quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock valued at $1,234,963,000 after purchasing an additional 77,820 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Philip Morris International by 25.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock valued at $996,104,000 after purchasing an additional 2,123,311 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Activity

In related news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

Philip Morris International Trading Up 0.1 %

Philip Morris International stock traded up $0.10 during trading hours on Friday, reaching $101.52. 501,742 shares of the stock were exchanged, compared to its average volume of 5,400,217. The stock has a 50 day moving average of $100.46 and a two-hundred day moving average of $95.13. The company has a market cap of $157.82 billion, a P/E ratio of 19.81, a price-to-earnings-growth 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 released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. Philip Morris International’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the firm posted $1.38 earnings per share. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.12%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus boosted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $104.22.

Philip Morris International Profile

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.