Grantham Mayo Van Otterloo & Co. LLC Lowers Stake in Philip Morris International Inc. (NYSE:PM)

Grantham Mayo Van Otterloo & Co. LLC reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 29.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,358 shares of the company's stock after selling 2,275 shares during the period. Grantham Mayo Van Otterloo & Co. LLC's holdings in Philip Morris International were worth $645,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. NewSquare Capital LLC increased its position 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 worth $25,000 after acquiring an additional 72 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 purchased a new stake in shares of Philip Morris International in the 4th quarter worth $36,000. Sierra Ocean LLC bought a new position in shares of Philip Morris International during the 4th quarter worth $37,000. Finally, Truvestments Capital LLC increased its stake 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 valued at $43,000 after buying an additional 190 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Philip Morris International Stock Performance

NYSE:PM traded up $2.68 during mid-day trading on Friday, hitting $153.85. 6,458,822 shares of the company's stock traded hands, compared to its average volume of 5,569,399. The company has a fifty day moving average of $152.03 and a 200 day moving average of $134.63. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $163.08. The company has a market capitalization of $239.47 billion, a P/E ratio of 34.11, 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 announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS 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%. On average, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced 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 3.51%. Philip Morris International's dividend payout ratio (DPR) is 119.73%.

Insider Buying and Selling at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the transaction, the senior vice president now directly owns 30,308 shares in the company, valued at $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of Philip Morris International stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares of the company's stock, valued at $81,495,308.62. The trade was a 6.81 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

PM has been the subject of a number of research reports. UBS Group upped their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a research note on Friday, February 7th. Stifel Nicolaus increased their price objective on shares of Philip Morris International from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Thursday. StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Morgan Stanley assumed coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 target price for the company. Finally, Barclays lifted their price target on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $145.44.

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.