Victory Capital Management Inc. Has $242.43 Million Holdings in Philip Morris International Inc. (NYSE:PM)

Victory Capital Management Inc. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 2,014,387 shares of the company's stock after selling 26,100 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Philip Morris International worth $242,431,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. White Lighthouse Investment Management Inc. lifted its holdings in shares of Philip Morris International by 71.4% during the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company's stock worth $1,457,000 after acquiring an additional 4,999 shares during the period. Range Financial Group LLC lifted its holdings in shares of Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock worth $2,758,000 after acquiring an additional 19,127 shares during the period. Accredited Investors Inc. lifted its holdings in shares of Philip Morris International by 3,553.3% during the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company's stock worth $25,125,000 after acquiring an additional 201,294 shares during the period. Park Avenue Securities LLC lifted its holdings in Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after purchasing an additional 16,035 shares during the last quarter. Finally, CWA Asset Management Group LLC lifted its holdings in Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock valued at $2,912,000 after purchasing an additional 6,605 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company's 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 transaction, the vice president now directly owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Werner Barth sold 10,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the completion of the transaction, the insider now owns 106,244 shares in the company, valued at approximately $15,795,295.48. This represents a 8.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 128,143 shares of company stock worth $19,092,846. Insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PM shares. Barclays lifted 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. Morgan Stanley started coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target for the company. StockNews.com downgraded shares of Philip Morris International from a "buy" rating to a "hold" rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Finally, Stifel Nicolaus raised their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $144.56.

Philip Morris International Stock Performance

PM traded down $0.73 during midday trading on Wednesday, hitting $153.22. The company had a trading volume of 4,238,511 shares, 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's 50-day simple moving average is $134.82 and its 200-day simple moving average is $128.60. The company has a market capitalization of $238.23 billion, a PE ratio of 33.97, a P/E/G 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 net margin of 7.89% and a negative return on equity of 120.08%. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.52%. Philip Morris International's payout ratio is 119.73%.

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.