Philip Morris International Inc. (NYSE:PM) Shares Sold by Tranquility Partners LLC

Tranquility Partners LLC lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,766 shares of the company’s stock after selling 169 shares during the quarter. Tranquility Partners LLC’s holdings in Philip Morris International were worth $260,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Daiwa Securities Group Inc. increased its stake in shares of Philip Morris International by 5.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 147,436 shares of the company’s stock valued at $13,871,000 after acquiring an additional 7,591 shares during the last quarter. KLCM Advisors Inc. grew its holdings in shares of Philip Morris International by 25.9% during the 4th quarter. KLCM Advisors Inc. now owns 16,737 shares of the company’s stock worth $1,575,000 after purchasing an additional 3,445 shares during the period. Rakuten Securities Inc. purchased a new stake in shares of Philip Morris International during the 4th quarter worth about $72,000. Tyche Wealth Partners LLC purchased a new stake in shares of Philip Morris International during the 4th quarter worth about $1,885,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Philip Morris International by 2.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 290,123 shares of the company’s stock worth $27,295,000 after purchasing an additional 6,827 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling

In related news, insider Werner Barth sold 5,000 shares of Philip Morris International 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 transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Werner Barth sold 5,000 shares of Philip Morris International 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 completion of the sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold 15,250 shares of company stock worth $1,411,128 over the last ninety days. 0.13% of the stock is owned by insiders.

Philip Morris International Trading Up 0.3 %

NYSE:PM traded up $0.31 during trading hours on Thursday, hitting $90.89. The stock had a trading volume of 493,754 shares, compared to its average volume of 5,426,130. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $101.92. The company has a market cap of $141.29 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. The business has a 50 day simple moving average of $91.07 and a two-hundred day simple moving average of $92.02.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period in the previous year, the business posted $1.39 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts expect that Philip Morris International Inc. will post 6.37 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 5.72%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. 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. Finally, Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of “Hold” and an average target price of $105.40.

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.