Philip Morris International Inc. (NYSE:PM) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,486 shares of the company’s stock after selling 140 shares during the quarter. Dorsey Wright & Associates’ holdings in Philip Morris International were worth $2,947,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PM. RWA Wealth Partners LLC grew its position in shares of Philip Morris International by 2.7% during the 4th quarter. RWA Wealth Partners LLC now owns 11,172 shares of the company’s stock valued at $1,345,000 after buying an additional 291 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Philip Morris International by 1.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,085,479 shares of the company’s stock valued at $612,037,000 after purchasing an additional 78,938 shares during the last quarter. American Money Management LLC raised its position in shares of Philip Morris International by 0.4% during the 4th quarter. American Money Management LLC now owns 53,168 shares of the company’s stock worth $6,399,000 after purchasing an additional 194 shares during the period. Strategy Asset Managers LLC lifted its holdings in shares of Philip Morris International by 1.3% in the 4th quarter. Strategy Asset Managers LLC now owns 37,199 shares of the company’s stock worth $4,477,000 after purchasing an additional 479 shares during the last quarter. Finally, Allianz SE acquired a new position in Philip Morris International during the 4th quarter valued at approximately $30,544,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 0.1 %

Shares of Philip Morris International stock opened at $155.17 on Friday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The company’s 50-day moving average price is $145.83 and its two-hundred day moving average price is $132.14. The stock has a market cap of $241.27 billion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, equities analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s payout ratio is 119.73%.

Insider Transactions at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the transaction, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the sale, the insider now directly owns 26,828 shares of the company’s stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of a number of recent research reports. UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Morgan Stanley assumed coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Barclays boosted their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $144.56.

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.