Tranquility Partners LLC Sells 169 Shares of Philip Morris International Inc. (NYSE:PM)

Tranquility Partners LLC cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,766 shares of the company’s stock after selling 169 shares during the period. Tranquility Partners LLC’s holdings in Philip Morris International were worth $260,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Moneta Group Investment Advisors LLC boosted its position in Philip Morris International by 100,700.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company’s stock valued at $1,582,939,000 after purchasing an additional 15,624,628 shares during the last quarter. Invesco Ltd. boosted its position in Philip Morris International by 33.5% during the third 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 boosted its position in Philip Morris International by 12.6% during the third 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. Renaissance Technologies LLC boosted its position in Philip Morris International by 122.0% during the first quarter. Renaissance Technologies LLC now owns 2,632,467 shares of the company’s stock valued at $247,294,000 after purchasing an additional 1,446,567 shares during the last quarter. Finally, Boston Partners lifted its position in shares of Philip Morris International by 38.5% in the third quarter. Boston Partners now owns 4,940,922 shares of the company’s stock valued at $456,368,000 after buying an additional 1,372,520 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $9,412,880.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the sale, the insider now directly 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 accessible through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s 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 completion of the sale, the vice president now directly 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 valued at $1,411,128 in the last ninety days. 0.13% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PM shares. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and cut their price objective for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $105.40.

Philip Morris International Price Performance

Shares of NYSE PM traded up $0.31 during mid-day trading on Thursday, hitting $90.89. 493,754 shares of the stock traded hands, compared to its average volume of 5,426,130. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month 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 firm 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 data on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. During the same period last year, the business earned $1.39 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Philip Morris International Inc. will post 6.37 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is 103.59%.

Philip Morris International 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.