Voya Investment Management LLC Sells 189,096 Shares of Philip Morris International Inc. (NYSE:PM)

Voya Investment Management LLC cut its stake in Philip Morris International Inc. (NYSE:PM - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,133,247 shares of the company's stock after selling 189,096 shares during the quarter. Voya Investment Management LLC owned 0.07% of Philip Morris International worth $136,386,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Morse Asset Management Inc bought a new position in shares of Philip Morris International in the third quarter valued at approximately $206,000. McIlrath & Eck LLC grew its stake in Philip Morris International by 38.5% in the 3rd quarter. McIlrath & Eck LLC now owns 561 shares of the company's stock valued at $68,000 after purchasing an additional 156 shares during the period. Anchor Investment Management LLC increased its position in shares of Philip Morris International by 3.5% during the 3rd quarter. Anchor Investment Management LLC now owns 46,037 shares of the company's stock valued at $5,589,000 after purchasing an additional 1,544 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its stake in shares of Philip Morris International by 225.4% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 23,379 shares of the company's stock worth $2,841,000 after purchasing an additional 16,194 shares during the period. Finally, World Investment Advisors LLC boosted its holdings in shares of Philip Morris International by 567.0% in the 3rd quarter. World Investment Advisors LLC now owns 50,672 shares of the company's stock worth $6,152,000 after buying an additional 43,075 shares during the last quarter. Institutional investors own 78.63% of the company's stock.

Insider Activity at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 5,000 shares of the firm's stock in a transaction that occurred 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 sale, the vice president now directly owns 20,799 shares of the company's stock, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Emmanuel Babeau sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total value of $4,465,500.00. Following the transaction, the chief financial officer now directly owns 139,105 shares in the company, valued at approximately $20,705,779.25. This represents a 17.74 % decrease in their position. 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 company insiders.

Wall Street Analyst Weigh In

PM has been the topic of several research reports. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $168.00 to $186.00 and gave the stock a "buy" rating in a research report on Thursday. Citigroup raised their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a report on Wednesday, April 16th. UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the stock from $130.00 to $170.00 in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an "overweight" rating in a research note on Tuesday, February 18th. Finally, StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus target price of $163.00.

Philip Morris International Stock Down 0.6 %

Shares of NYSE:PM traded down $1.07 during trading on Monday, hitting $169.17. The stock had a trading volume of 6,151,069 shares, compared to its average volume of 5,561,723. Philip Morris International Inc. has a 12 month low of $94.42 and a 12 month high of $171.73. The company has a market capitalization of $263.31 billion, a PE ratio of 37.51, a PEG ratio of 2.65 and a beta of 0.46. The firm's fifty day moving average is $155.51 and its 200 day moving average is $137.82.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly 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 firm had revenue of $9.30 billion for the quarter, compared to the consensus estimate of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.50 earnings per share. Equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 dividend on an annualized basis and a yield of 3.19%. Philip Morris International's payout ratio is presently 111.34%.

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.