Barrow Hanley Mewhinney & Strauss LLC Trims Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,712,295 shares of the company's stock after selling 148,453 shares during the quarter. Philip Morris International makes up approximately 1.5% of Barrow Hanley Mewhinney & Strauss LLC's portfolio, making the stock its 20th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned 0.24% of Philip Morris International worth $446,775,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in PM. Arrowstreet Capital Limited Partnership grew its stake in shares of Philip Morris International by 1.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 5,085,479 shares of the company's stock worth $612,037,000 after purchasing an additional 78,938 shares during the last quarter. American Money Management LLC lifted its holdings in Philip Morris International by 0.4% in the 4th quarter. American Money Management LLC now owns 53,168 shares of the company's stock worth $6,399,000 after buying an additional 194 shares during the period. Strategy Asset Managers LLC grew its position in shares of Philip Morris International by 1.3% in the 4th quarter. Strategy Asset Managers LLC now owns 37,199 shares of the company's stock worth $4,477,000 after buying an additional 479 shares during the last quarter. Allianz SE purchased a new position in shares of Philip Morris International during the fourth quarter valued at approximately $30,544,000. Finally, Intrust Bank NA raised its holdings in Philip Morris International by 1.4% in the 4th quarter. Intrust Bank NA now owns 18,500 shares of the company's stock worth $2,226,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

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Insiders Place Their Bets

In other news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the transaction, the senior vice president now owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,822 shares of company stock valued at $19,655,585. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Down 0.4 %

Shares of Philip Morris International stock traded down $0.65 on Tuesday, reaching $158.08. The company's stock had a trading volume of 4,428,983 shares, compared to its average volume of 5,478,539. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.87. The firm's fifty day simple moving average is $146.57 and its two-hundred day simple moving average is $132.43. The company has a market capitalization of $245.79 billion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. As a group, research analysts predict that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com lowered Philip Morris International from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. upped their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. Stifel Nicolaus lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Morgan Stanley started coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price objective on the stock. Finally, Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $144.56.

About Philip Morris International

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.