Philip Morris International Inc. (NYSE:PM) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 46.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,240 shares of the company’s stock after selling 28,416 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Philip Morris International were worth $33,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assenagon Asset Management S.A. grew its position in Philip Morris International by 1.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 38,827 shares of the company’s stock valued at $3,595,000 after acquiring an additional 381 shares in the last quarter. Wealthspire Advisors LLC grew its position in Philip Morris International by 10.8% in the 3rd quarter. Wealthspire Advisors LLC now owns 26,368 shares of the company’s stock valued at $2,441,000 after acquiring an additional 2,569 shares in the last quarter. Cape Investment Advisory Inc. grew its position in Philip Morris International by 23.4% in the 3rd quarter. Cape Investment Advisory Inc. now owns 2,586 shares of the company’s stock valued at $239,000 after acquiring an additional 490 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Philip Morris International by 3.7% in the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock valued at $769,881,000 after acquiring an additional 299,005 shares in the last quarter. Finally, Wambolt & Associates LLC grew its position in Philip Morris International by 13.3% in the 3rd quarter. Wambolt & Associates LLC now owns 7,063 shares of the company’s stock valued at $646,000 after acquiring an additional 828 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, Societe Generale upgraded 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Stock Up 0.3 %

PM stock opened at $99.93 on Monday. The business has a 50 day moving average price of $94.74 and a 200 day moving average price of $93.27. The stock has a market cap of $155.35 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.13 and a beta of 0.60. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.46.

Philip Morris International (NYSE:PM) last posted its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 earnings per share. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 101.56%.

Insider Buying and Selling at Philip Morris International

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 stock was 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 owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the SEC, which is available through this link. 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 stock was 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 owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 value of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,250 shares of company stock worth $3,339,528. 0.14% of the stock is owned by insiders.

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.