Philip Morris International Inc. (NYSE:PM) Shares Sold by Commerce Bank

Commerce Bank trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 214,080 shares of the company’s stock after selling 5,275 shares during the quarter. Commerce Bank’s holdings in Philip Morris International were worth $20,141,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Invesco Ltd. raised its stake in Philip Morris International by 33.5% in the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after purchasing an additional 4,304,089 shares during the last quarter. Wellington Management Group LLP raised its stake in 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 purchasing an additional 3,121,732 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Philip Morris International by 25.5% in the 4th 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 during the last quarter. Boston Partners raised its stake in Philip Morris International by 38.5% in the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock valued at $456,368,000 after purchasing an additional 1,372,520 shares during the last quarter. Finally, London Co. of Virginia raised its stake in Philip Morris International by 52.2% in the 3rd quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock valued at $287,956,000 after purchasing an additional 1,066,871 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of NYSE PM traded up $0.31 during mid-day trading on Friday, reaching $99.96. 1,294,025 shares of the company’s stock were exchanged, compared to its average volume of 5,538,342. The company’s 50-day moving average is $94.63 and its 200-day moving average is $93.18. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $101.46. The firm has a market capitalization of $155.39 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.16 and a beta of 0.60.

Philip Morris International (NYSE:PM) last announced its earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The company 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%. Philip Morris International’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period last year, the business posted $1.38 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus upped their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International has an average rating of “Hold” and an average target price of $105.50.

Insider Transactions at Philip Morris International

In other news, insider Werner Barth sold 5,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now owns 102,918 shares of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Werner Barth sold 5,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,250 shares of company stock valued at $3,339,528. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Company 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.