Crawford Fund Management LLC Has $1.24 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Crawford Fund Management LLC decreased its position in Philip Morris International Inc. (NYSE:PM) by 10.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 10,200 shares of the company’s stock after selling 1,200 shares during the period. Philip Morris International makes up about 0.3% of Crawford Fund Management LLC’s investment portfolio, making the stock its 27th biggest holding. Crawford Fund Management LLC’s holdings in Philip Morris International were worth $1,238,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PM. Hancock Whitney Corp raised its holdings in Philip Morris International by 9.0% in the 1st quarter. Hancock Whitney Corp now owns 6,374 shares of the company’s stock valued at $584,000 after acquiring an additional 525 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Philip Morris International by 317.0% in the 1st quarter. Cetera Investment Advisers now owns 481,323 shares of the company’s stock worth $44,099,000 after buying an additional 365,896 shares in the last quarter. Cetera Advisors LLC raised its holdings in shares of Philip Morris International by 38.2% in the 1st quarter. Cetera Advisors LLC now owns 174,481 shares of the company’s stock worth $15,986,000 after buying an additional 48,249 shares in the last quarter. Cetera Advisor Networks LLC raised its holdings in shares of Philip Morris International by 1.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 233,398 shares of the company’s stock worth $21,384,000 after buying an additional 4,134 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Philip Morris International by 7.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,513 shares of the company’s stock worth $523,000 after buying an additional 390 shares in the last quarter. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Down 0.3 %

NYSE:PM opened at $131.82 on Friday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The firm has a market capitalization of $204.96 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.31 and a beta of 0.54. The stock’s fifty day simple moving average is $125.50 and its 200-day simple moving average is $115.53.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.09. The business had revenue of $9.91 billion for the quarter, compared to analyst estimates of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The firm’s revenue was up 8.4% on a year-over-year basis. During the same period last year, the company earned $1.67 EPS. As a group, equities research analysts expect that Philip Morris International Inc. will post 6.51 earnings per share for the current year.

Philip Morris International Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio (DPR) is presently 85.71%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PM. Citigroup increased their target price on Philip Morris International from $118.50 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Stifel Nicolaus reissued a “buy” rating and issued a $145.00 target price (up from $138.00) on shares of Philip Morris International in a report on Wednesday, October 23rd. Bank of America increased their target price on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. UBS Group increased their price target on Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research report on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. increased their price target on Philip Morris International from $125.00 to $145.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

Insider Buying and Selling

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total value of $13,234,052.30. Following the sale, the chairman now owns 959,761 shares of the company’s stock, valued at $124,624,965.85. This trade represents a 9.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Werner Barth sold 7,500 shares of Philip Morris International stock in a transaction dated Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the sale, the insider now directly owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 7.29 % decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by company insiders.

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.