King Luther Capital Management Corp Has $5.03 Million Stake in Philip Morris International Inc. (NYSE:PM)

King Luther Capital Management Corp decreased its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 41,817 shares of the company's stock after selling 2,457 shares during the quarter. King Luther Capital Management Corp's holdings in Philip Morris International were worth $5,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of PM. FMR LLC raised its holdings in shares of Philip Morris International by 40.9% during the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company's stock valued at $2,812,649,000 after purchasing an additional 6,721,094 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Philip Morris International in the fourth quarter worth $522,214,000. Massachusetts Financial Services Co. MA increased its position in Philip Morris International by 57.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company's stock worth $1,121,932,000 after buying an additional 3,363,454 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Philip Morris International by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock valued at $1,934,083,000 after buying an additional 2,785,987 shares in the last quarter. Finally, National Bank of Canada FI raised its holdings in Philip Morris International by 161.6% during the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company's stock valued at $235,936,000 after buying an additional 1,200,636 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling at Philip Morris International

In related news, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International 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 of the company's stock, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jacek Olczak sold 40,000 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the sale, the chief executive officer now directly 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 sold 131,822 shares of company stock worth $19,655,585. Insiders own 0.13% of the company's stock.

Philip Morris International Trading Down 0.7 %

Shares of Philip Morris International stock traded down $1.01 during midday trading on Thursday, reaching $150.32. The company had a trading volume of 6,258,439 shares, compared to its average volume of 5,209,776. The stock has a fifty day simple moving average of $138.50 and a 200 day simple moving average of $129.87. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $159.51. The company has a market capitalization of $233.72 billion, a price-to-earnings ratio of 33.33, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53.

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, 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%. Sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio is presently 119.73%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Stifel Nicolaus raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. UBS Group lifted their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a "sell" rating in a report on Friday, February 7th. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. Finally, Barclays lifted their price objective on Philip Morris International from $145.00 to $175.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $144.56.

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.