Janney Capital Management LLC Decreases Stake in Philip Morris International Inc. (NYSE:PM)

Janney Capital Management LLC reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 3.6% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 87,042 shares of the company’s stock after selling 3,236 shares during the period. Janney Capital Management LLC’s holdings in Philip Morris International were worth $7,975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PM. Smallwood Wealth Investment Management LLC increased its position in Philip Morris International by 0.6% during the first quarter. Smallwood Wealth Investment Management LLC now owns 17,495 shares of the company’s stock worth $1,603,000 after purchasing an additional 108 shares during the last quarter. PFG Investments LLC increased its position in Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after purchasing an additional 109 shares during the last quarter. CGC Financial Services LLC increased its position in Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares during the last quarter. McKinley Carter Wealth Services Inc. increased its position in shares of Philip Morris International by 4.7% during the first quarter. McKinley Carter Wealth Services Inc. now owns 2,460 shares of the company’s stock valued at $225,000 after acquiring an additional 111 shares during the last quarter. Finally, Raleigh Capital Management Inc. increased its position in shares of Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock valued at $3,412,000 after acquiring an additional 112 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the company’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 completion of the sale, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price target 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Stock Up 0.7 %

Philip Morris International stock traded up $0.70 during trading on Friday, reaching $102.12. The stock had a trading volume of 3,569,063 shares, compared to its average volume of 4,377,470. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $104.90. The business has a 50 day moving average price of $100.60 and a 200 day moving average price of $95.18. The stock has a market cap of $158.75 billion, a PE ratio of 19.95, a P/E/G ratio of 2.08 and a beta of 0.58.

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

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be given a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 5.09%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

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.