Philip Morris International Inc. (NYSE:PM) Shares Sold by Capital International Investors

Capital International Investors reduced its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,667,279 shares of the company's stock after selling 4,835,948 shares during the quarter. Philip Morris International comprises approximately 2.1% of Capital International Investors' holdings, making the stock its 7th largest position. Capital International Investors owned 5.96% of Philip Morris International worth $11,152,128,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. NewSquare Capital LLC boosted its holdings in Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the last quarter. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International during the fourth quarter valued at approximately $33,000. Knuff & Co LLC purchased a new stake in Philip Morris International in the 4th quarter worth $36,000. Sierra Ocean LLC purchased a new position in Philip Morris International in the 4th quarter worth approximately $37,000. Finally, Truvestments Capital LLC boosted its position in shares of Philip Morris International by 113.8% during the fourth quarter. Truvestments Capital LLC now owns 357 shares of the company's stock worth $43,000 after acquiring an additional 190 shares during the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

NYSE PM traded up $4.00 on Wednesday, reaching $168.11. 4,346,363 shares of the company's stock traded hands, compared to its average volume of 5,589,197. The stock has a 50 day moving average price of $154.34 and a 200-day moving average price of $136.65. The firm has a market cap of $261.66 billion, a price-to-earnings ratio of 37.27, a P/E/G ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a fifty-two week low of $93.84 and a fifty-two week high of $173.58.

Philip Morris International (NYSE:PM - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The firm had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same period in the previous year, the firm earned $1.50 EPS. As a group, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

Analyst Ratings Changes

A number of analysts have recently weighed in on PM shares. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Barclays lifted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Citigroup raised their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research report on Wednesday, April 16th. Morgan Stanley assumed coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price objective on the stock. Finally, UBS Group upped their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and an average price target of $150.78.

Insider Activity at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the firm's 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 directly owns 30,308 shares of the company's stock, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock worth $19,655,585 in the last 90 days. Corporate insiders own 0.13% of the company's stock.

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.