Philip Morris International Inc. (NYSE:PM) Stock Position Cut by Gladstone Capital Management LLP

Gladstone Capital Management LLP lowered its position in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 883,473 shares of the company's stock after selling 37,886 shares during the quarter. Philip Morris International accounts for about 8.9% of Gladstone Capital Management LLP's investment portfolio, making the stock its 3rd largest position. Gladstone Capital Management LLP owned approximately 0.06% of Philip Morris International worth $106,326,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of PM. NewSquare Capital LLC lifted its stake in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after buying an additional 72 shares in the last quarter. Dunhill Financial LLC boosted its stake in shares of Philip Morris International by 203.8% in the third quarter. Dunhill Financial LLC now owns 240 shares of the company's stock worth $29,000 after acquiring an additional 161 shares during the period. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $33,000. Knuff & Co LLC bought a new stake in Philip Morris International during the 4th quarter valued at approximately $36,000. Finally, Sierra Ocean LLC bought a new stake in Philip Morris International during the 4th quarter valued at approximately $37,000. 78.63% of the stock is currently owned by institutional investors.

Philip Morris International Price Performance

Shares of PM traded up $0.31 during mid-day trading on Monday, reaching $150.93. 9,838,933 shares of the company's stock traded hands, compared to its average volume of 5,538,832. The stock's 50-day moving average is $149.53 and its two-hundred day moving average is $133.57. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month 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.

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Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share 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%. Research analysts predict 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. Investors 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 annualized dividend and a yield of 3.58%. Philip Morris International's dividend payout ratio (DPR) is currently 119.73%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PM shares. Morgan Stanley initiated coverage on shares of 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. Barclays boosted their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. raised their price target on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Argus raised shares of 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 given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $144.56.

Insiders Place Their Bets

In other news, insider Werner Barth sold 10,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the completion of the sale, the insider now owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 131,822 shares of company stock worth $19,655,585 in the last ninety days. 0.13% of the stock is owned by company insiders.

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.