Philip Morris International Inc. (NYSE:PM) Shares Sold by Commerce Bank

Commerce Bank decreased its holdings in Philip Morris International Inc. (NYSE:PM - Free Report) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 194,118 shares of the company's stock after selling 1,782 shares during the quarter. Commerce Bank's holdings in Philip Morris International were worth $23,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. NewSquare Capital LLC lifted its stake in shares of Philip Morris International by 53.7% in the 4th 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. acquired a new stake in Philip Morris International in the fourth quarter valued at about $33,000. Knuff & Co LLC purchased a new stake in Philip Morris International in the 4th quarter valued at approximately $36,000. Sierra Ocean LLC acquired a new position in Philip Morris International during the 4th quarter worth approximately $37,000. Finally, Truvestments Capital LLC raised its stake in shares of Philip Morris International by 113.8% during the 4th quarter. Truvestments Capital LLC now owns 357 shares of the company's stock worth $43,000 after buying an additional 190 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on PM shares. Stifel Nicolaus upped their price objective on Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a report on Thursday. Barclays increased their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. StockNews.com cut shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. 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. Finally, Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $157.44.

Insider Buying and Selling

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now owns 26,828 shares of the company's stock, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 547,426 shares of the company's stock, valued at $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by company insiders.

Philip Morris International Price Performance

Philip Morris International stock traded up $0.71 during mid-day trading on Thursday, hitting $168.82. 2,599,980 shares of the company were exchanged, compared to its average volume of 5,566,211. Philip Morris International Inc. has a 12-month low of $94.42 and a 12-month high of $171.63. The business's 50 day simple moving average is $154.69 and its two-hundred day simple moving average is $136.86. The company has a market capitalization of $262.77 billion, a P/E ratio of 37.41, a PEG ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. During the same period in the prior year, the firm earned $1.50 EPS. Equities research analysts predict 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 was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.20%. Philip Morris International's payout ratio is currently 119.73%.

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.