National Bank of Canada FI Lowers Stock Position in Philip Morris International Inc. (NYSE:PM)

National Bank of Canada FI cut its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,507,497 shares of the company's stock after selling 435,963 shares during the quarter. National Bank of Canada FI owned approximately 0.10% of Philip Morris International worth $181,426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Range Financial Group LLC raised its holdings in Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock worth $2,758,000 after purchasing an additional 19,127 shares in the last quarter. Park Avenue Securities LLC raised its stake in Philip Morris International by 18.9% in the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock worth $12,134,000 after buying an additional 16,035 shares in the last quarter. CWA Asset Management Group LLC lifted its holdings in Philip Morris International by 37.5% in the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after buying an additional 6,605 shares during the period. Ritholtz Wealth Management boosted its position in Philip Morris International by 50.9% during the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock valued at $6,485,000 after acquiring an additional 18,183 shares in the last quarter. Finally, Czech National Bank grew its holdings in shares of Philip Morris International by 6.4% during the 4th quarter. Czech National Bank now owns 337,119 shares of the company's stock worth $40,572,000 after acquiring an additional 20,390 shares during the period. Hedge funds and other institutional investors own 78.63% of the company's stock.

Remove Ads

Insider Transactions at Philip Morris International

In other Philip Morris International news, Chairman Andre Calantzopoulos sold 40,643 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $149.06, for a total value of $6,058,245.58. Following the transaction, the chairman now directly owns 561,349 shares of the company's stock, valued at approximately $83,674,681.94. This trade represents a 6.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the sale, the insider now directly owns 26,828 shares of the company's stock, valued at $4,103,610.88. The trade was a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 over the last three months. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Price Performance

NYSE PM traded up $6.04 during mid-day trading on Thursday, reaching $162.21. The stock had a trading volume of 10,578,322 shares, compared to its average volume of 5,490,968. The stock has a market cap of $252.21 billion, a PE ratio of 35.97, a price-to-earnings-growth ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $163.04. The company has a fifty day moving average price of $147.92 and a 200 day moving average price of $132.82.

Philip Morris International (NYSE:PM - Get Free Report) last posted its quarterly 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%. As a group, equities research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders 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 dividend yield of 3.33%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's payout ratio is presently 119.73%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research 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. Barclays boosted their price target 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. Finally, Argus raised 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 assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $144.56.

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.