Capital International Sarl Has $55.08 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Capital International Sarl decreased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 457,702 shares of the company's stock after selling 45,677 shares during the quarter. Philip Morris International accounts for about 1.3% of Capital International Sarl's portfolio, making the stock its 18th largest position. Capital International Sarl's holdings in Philip Morris International were worth $55,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Range Financial Group LLC boosted its position in shares of Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock worth $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Philip Morris International by 18.9% in the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock worth $12,134,000 after acquiring an additional 16,035 shares in the last quarter. CWA Asset Management Group LLC raised its position in shares of Philip Morris International by 37.5% during the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after purchasing an additional 6,605 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Philip Morris International by 50.9% during the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock valued at $6,485,000 after purchasing an additional 18,183 shares in the last quarter. Finally, Czech National Bank grew its position in shares of Philip Morris International by 6.4% in the 4th quarter. Czech National Bank now owns 337,119 shares of the company's stock valued at $40,572,000 after purchasing an additional 20,390 shares during the period. Institutional investors own 78.63% of the company's stock.

Insider Buying and Selling at Philip Morris International

In other news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares of the company's stock, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 in the last three months. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Price Performance

NYSE PM traded up $4.00 during trading on Wednesday, reaching $168.11. 4,346,363 shares of the company's stock were exchanged, compared to its average volume of 5,589,109. The business has a 50 day moving average price of $154.34 and a 200-day moving average price of $136.65. The stock has a market capitalization of $261.66 billion, a P/E ratio of 37.27, a PEG 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 quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business had revenue of $9.30 billion for the quarter, compared to analysts' expectations of $9.10 billion. During the same quarter in the prior year, the business earned $1.50 EPS. On average, analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

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

Analyst Ratings Changes

PM has been the subject of several research reports. Barclays increased their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. JPMorgan Chase & Co. lifted their target price on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Stifel Nicolaus raised their price target on shares of Philip Morris International from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Finally, Citigroup boosted their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a research report on Wednesday, April 16th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $150.78.

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.