Keybank National Association OH Sells 1,921 Shares of Philip Morris International Inc. (NYSE:PM)

Keybank National Association OH decreased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 123,349 shares of the company's stock after selling 1,921 shares during the period. Keybank National Association OH's holdings in Philip Morris International were worth $14,845,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. State Street Corp raised its holdings in Philip Morris International by 0.4% during the 3rd quarter. State Street Corp now owns 54,711,621 shares of the company's stock worth $6,715,237,000 after purchasing an additional 224,840 shares during the last quarter. Geode Capital Management LLC raised its holdings in Philip Morris International by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock worth $3,886,818,000 after purchasing an additional 621,034 shares during the last quarter. FMR LLC raised its holdings in Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company's stock worth $2,812,649,000 after purchasing an additional 6,721,094 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Philip Morris International by 21.0% during the 4th quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock worth $1,934,083,000 after purchasing an additional 2,785,987 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Philip Morris International by 1.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,422,920 shares of the company's stock worth $1,615,449,000 after purchasing an additional 190,201 shares during the last quarter. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Price Performance

NYSE:PM traded down $0.73 during trading hours on Wednesday, reaching $153.22. 4,238,511 shares of the stock were exchanged, compared to its average volume of 5,169,419. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $159.51. The firm has a 50 day moving average of $134.82 and a 200 day moving average of $128.60. The stock has a market cap of $238.23 billion, a PE ratio of 33.97, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM - Get Free Report) last released 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 negative return on equity of 120.08% and a net margin of 7.89%. Equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Thursday, December 26th. Philip Morris International's payout ratio is presently 119.73%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock 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 research note on Monday, February 10th. Morgan Stanley began coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an "overweight" rating and a $140.00 price target for the company. UBS Group upped their price target on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. Finally, Barclays upped their price target on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $144.56.

Insider Activity at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the stock in a transaction on Wednesday, February 12th. The shares were 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 approximately $3,117,354.12. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 128,143 shares of company stock worth $19,092,846. Company insiders own 0.13% of the company's stock.

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.