Securian Asset Management Inc. Sells 2,428 Shares of Philip Morris International Inc. (NYSE:PM)

Securian Asset Management Inc. trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,565 shares of the company's stock after selling 2,428 shares during the quarter. Securian Asset Management Inc.'s holdings in Philip Morris International were worth $10,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of Philip Morris International by 0.4% in the third quarter. State Street Corp now owns 54,711,621 shares of the company's stock valued at $6,715,237,000 after purchasing an additional 224,840 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Philip Morris International by 2.0% in the third quarter. Geode Capital Management LLC now owns 32,101,324 shares of the company's stock valued at $3,886,818,000 after purchasing an additional 621,034 shares in the last quarter. FMR LLC grew its position in shares of Philip Morris International by 40.9% in the third 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. Bank of New York Mellon Corp grew its position in Philip Morris International by 21.0% in the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company's stock worth $1,934,083,000 after acquiring an additional 2,785,987 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Philip Morris International by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,422,920 shares of the company's stock worth $1,615,449,000 after acquiring an additional 190,201 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Stock Up 1.2 %

NYSE PM opened at $152.45 on Wednesday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $159.51. The business's 50-day moving average price is $137.30 and its 200 day moving average price is $129.58. The firm has a market cap of $237.03 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.65 and a beta of 0.53.

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

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International's dividend payout ratio is presently 119.73%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PM. Barclays increased their price objective 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. Morgan Stanley started coverage on Philip Morris International in a research report on Thursday, January 16th. They set an "overweight" rating and a $140.00 price target for the company. StockNews.com cut Philip Morris International from a "buy" rating to a "hold" rating in a research note on Monday, February 10th. Stifel Nicolaus increased 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. Finally, UBS Group increased their price objective on Philip Morris International from $105.00 to $120.00 and gave the company a "sell" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and a consensus target price of $144.56.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the transaction, the senior vice president now owns 30,308 shares of the company's stock, valued at $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by corporate insiders.

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.

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