Philip Morris International Inc. (NYSE:PM) Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,023,928 shares of the company's stock after selling 133,895 shares during the period. Philip Morris International accounts for approximately 2.8% of Cullen Capital Management LLC's investment portfolio, making the stock its 4th biggest holding. Cullen Capital Management LLC owned approximately 0.13% of Philip Morris International worth $243,580,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. NewSquare Capital LLC boosted its holdings in shares of Philip Morris International by 53.7% in the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after acquiring an additional 72 shares during the period. Dunhill Financial LLC boosted its stake in Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new position in Philip Morris International during the 4th quarter worth $33,000. Knuff & Co LLC acquired a new position in Philip Morris International in the fourth quarter valued at $36,000. Finally, Sierra Ocean LLC acquired a new position in Philip Morris International in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 78.63% of the company's stock.

Insider Buying and Selling

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. The trade was a 12.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PM. UBS Group raised their price target on Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Barclays upped their target price 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. Stifel Nicolaus boosted their price target on Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. One research 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, Philip Morris International currently has an average rating of "Moderate Buy" and an average target price of $144.56.

Philip Morris International Price Performance

NYSE:PM traded up $0.31 during trading hours on Monday, reaching $150.93. 9,838,933 shares of the company traded hands, compared to its average volume of 5,538,832. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $163.08. The stock has a market cap of $234.93 billion, a P/E ratio of 33.47, a P/E/G ratio of 2.65 and a beta of 0.46. The firm's 50-day moving average is $149.53 and its 200-day moving average is $133.57.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts' consensus estimates 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 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Thursday, March 20th. Philip Morris International's payout ratio is 119.73%.

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.