ExodusPoint Capital Management LP Decreases Holdings in Philip Morris International Inc. (NYSE:PM)

ExodusPoint Capital Management LP trimmed its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 41.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,735 shares of the company's stock after selling 77,660 shares during the quarter. ExodusPoint Capital Management LP's holdings in Philip Morris International were worth $13,327,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Meridian Wealth Partners LLC boosted its position in Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock worth $214,000 after buying an additional 70 shares during the period. NewSquare Capital LLC raised its stake in shares of Philip Morris International by 53.7% during 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 last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of Philip Morris International by 2.1% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock valued at $437,000 after acquiring an additional 73 shares during the last quarter. Balboa Wealth Partners lifted its holdings in shares of Philip Morris International by 2.0% during the fourth quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock worth $447,000 after purchasing an additional 74 shares during the period. Finally, Centurion Wealth Management LLC grew its stake in shares of Philip Morris International by 3.5% in the fourth quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company's stock worth $268,000 after purchasing an additional 75 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

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Insider Activity

In other news, Chairman Andre Calantzopoulos sold 40,643 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $149.06, for a total transaction of $6,058,245.58. Following the completion of the transaction, the chairman now directly owns 561,349 shares in the company, valued at $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction 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. This 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 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PM has been the topic of several recent research reports. Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price on the stock. UBS Group upped their target price on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. JPMorgan Chase & Co. increased their target price on shares of 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 boosted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a research report on Friday, March 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.56.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded up $2.48 during trading on Wednesday, reaching $151.71. 10,277,062 shares of the company traded hands, compared to its average volume of 5,574,397. The firm has a market capitalization of $236.13 billion, a PE ratio of 33.64, a P/E/G ratio of 2.65 and a beta of 0.46. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $163.08. The company has a 50 day moving average price of $151.14 and a 200-day moving average price of $134.20.

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

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be paid a $1.35 dividend. The ex-dividend date is Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.56%. Philip Morris International's dividend payout ratio (DPR) is presently 119.73%.

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.