Linscomb & Williams Inc. lowered its stake in Philip Morris International Inc. (NYSE:PM) by 12.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,304 shares of the company’s stock after selling 4,649 shares during the quarter. Linscomb & Williams Inc.’s holdings in Philip Morris International were worth $2,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of PM. Robeco Institutional Asset Management B.V. acquired a new position in shares of Philip Morris International in the third quarter valued at approximately $6,039,000. Stone Ridge Asset Management LLC acquired a new position in shares of Philip Morris International in the third quarter valued at approximately $397,000. AGF Investments America Inc. boosted its holdings in shares of Philip Morris International by 1.7% in the third quarter. AGF Investments America Inc. now owns 48,125 shares of the company’s stock valued at $3,924,000 after buying an additional 793 shares during the period. Highstreet Asset Management Inc. boosted its holdings in shares of Philip Morris International by 31.3% in the third quarter. Highstreet Asset Management Inc. now owns 24,201 shares of the company’s stock valued at $1,973,000 after buying an additional 5,770 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Philip Morris International by 39.7% in the third quarter. Prudential Financial Inc. now owns 2,521,973 shares of the company’s stock valued at $205,642,000 after buying an additional 716,235 shares during the period. 74.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of PM stock opened at $90.85 on Friday. The firm has a market capitalization of $141.23 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 1.85 and a beta of 0.95. Philip Morris International Inc. has a 12 month low of $64.67 and a 12 month high of $105.80.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 7th. The company reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.09. Philip Morris International had a net margin of 9.90% and a negative return on equity of 76.82%. The firm had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.46 billion. During the same period in the prior year, the firm posted $1.32 earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. On average, research analysts forecast that Philip Morris International Inc. will post 5.36 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th will be given a dividend of $1.14 per share. This represents a $4.56 annualized dividend and a yield of 5.02%. The ex-dividend date is Monday, March 25th. Philip Morris International’s dividend payout ratio (DPR) is currently 89.41%.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the sale, the chief executive officer now directly owns 844,901 shares of the company’s stock, valued at $71,613,808.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Several research firms have recently weighed in on PM. ValuEngine upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Friday. Piper Jaffray Companies set a $110.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a research report on Monday, December 3rd. UBS Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $86.00 to $101.00 in a research report on Wednesday, February 27th. Zacks Investment Research raised shares of Philip Morris International from a “hold” rating to a “buy” rating and set a $90.00 price objective on the stock in a research report on Thursday, February 14th. Finally, Credit Suisse Group lowered shares of Philip Morris International from a “neutral” rating to an “underperform” rating and cut their price objective for the stock from $92.00 to $74.00 in a research report on Tuesday, December 18th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $91.86.

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About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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