Euro Pacific Asset Management LLC Sells 756 Shares of Philip Morris International Inc. (NYSE:PM)

Euro Pacific Asset Management LLC reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 155,570 shares of the company’s stock after selling 756 shares during the quarter. Philip Morris International accounts for approximately 3.1% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 8th largest position. Euro Pacific Asset Management LLC’s holdings in Philip Morris International were worth $14,780,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PM. Studio Investment Management LLC raised its stake in Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock worth $43,000 after purchasing an additional 108 shares in the last quarter. PFG Investments LLC raised its stake in Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after purchasing an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV raised its stake in Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock worth $277,000 after purchasing an additional 110 shares in the last quarter. CGC Financial Services LLC raised its stake in Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in Philip Morris International by 0.3% in the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after purchasing an additional 112 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PM has been the subject of several analyst reports. UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research note on Tuesday, February 13th. Finally, Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One equities 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 company has a consensus rating of “Hold” and an average price target of $105.40.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,250 shares of company stock valued at $1,411,128. 0.13% of the stock is owned by insiders.

Philip Morris International Trading Up 0.3 %

PM stock traded up $0.31 during mid-day trading on Thursday, hitting $90.89. The stock had a trading volume of 1,847,407 shares, compared to its average volume of 5,445,099. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $101.92. The firm has a market capitalization of $141.29 billion, a P/E ratio of 18.05, a P/E/G ratio of 1.87 and a beta of 0.61. The firm has a fifty day simple moving average of $91.07 and a 200 day simple moving average of $92.02.

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

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend 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%.

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.