Rathbones Group PLC Cuts Position in Philip Morris International Inc. (NYSE:PM)

Rathbones Group PLC lowered its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 9.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,289 shares of the company's stock after selling 4,375 shares during the period. Rathbones Group PLC's holdings in Philip Morris International were worth $4,849,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its stake in Philip Morris International by 17.1% during the 4th quarter. Cerity Partners LLC now owns 294,960 shares of the company's stock worth $35,585,000 after acquiring an additional 43,072 shares in the last quarter. Trek Financial LLC grew its holdings in shares of Philip Morris International by 19.7% in the fourth quarter. Trek Financial LLC now owns 5,176 shares of the company's stock valued at $623,000 after purchasing an additional 851 shares in the last quarter. Garrison Point Advisors LLC purchased a new stake in Philip Morris International during the 4th quarter worth approximately $313,000. Ashburton Jersey Ltd purchased a new position in Philip Morris International in the 4th quarter valued at approximately $2,854,000. Finally, Waterloo Capital L.P. increased its position in shares of Philip Morris International by 20.4% during the fourth quarter. Waterloo Capital L.P. now owns 36,533 shares of the company's stock worth $4,397,000 after acquiring an additional 6,184 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Insider Buying and Selling

In other news, CEO Jacek Olczak sold 40,000 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 131,822 shares of company stock valued at $19,655,585. 0.14% of the stock is owned by insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PM shares. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target on the stock. JPMorgan Chase & Co. raised their price objective 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. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. UBS Group upped their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a report on Friday, February 7th. Finally, StockNews.com lowered shares of Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $145.44.

Philip Morris International Stock Performance

NYSE:PM traded up $2.68 during mid-day trading on Friday, reaching $153.85. The stock had a trading volume of 6,458,822 shares, compared to its average volume of 5,569,399. The business has a 50 day simple moving average of $152.03 and a 200 day simple moving average of $134.63. Philip Morris International Inc. has a twelve month low of $87.82 and a twelve month high of $163.08. The firm has a market capitalization of $239.47 billion, a price-to-earnings ratio of 34.11, a PEG ratio of 2.65 and a beta of 0.46.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share 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%. As a group, sell-side analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.51%. The ex-dividend date was Thursday, March 20th. Philip Morris International's payout ratio is currently 119.73%.

Philip Morris International Company 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.