Philip Morris International Inc. (PM) Stake Decreased by Chickasaw Capital Management LLC

Chickasaw Capital Management LLC cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,561 shares of the company’s stock after selling 300 shares during the quarter. Chickasaw Capital Management LLC’s holdings in Philip Morris International were worth $2,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Valeo Financial Advisors LLC grew its holdings in Philip Morris International by 8.7% in the second quarter. Valeo Financial Advisors LLC now owns 22,660 shares of the company’s stock worth $1,857,000 after purchasing an additional 1,815 shares during the period. Natixis grew its holdings in Philip Morris International by 18.9% in the second quarter. Natixis now owns 382,382 shares of the company’s stock worth $30,874,000 after purchasing an additional 60,723 shares during the period. Morgan Stanley grew its holdings in Philip Morris International by 23.9% in the second quarter. Morgan Stanley now owns 22,738,044 shares of the company’s stock worth $1,835,871,000 after purchasing an additional 4,386,487 shares during the period. OmniStar Financial Group Inc. lifted its stake in shares of Philip Morris International by 243.9% in the second quarter. OmniStar Financial Group Inc. now owns 21,300 shares of the company’s stock valued at $1,719,000 after buying an additional 15,107 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC bought a new position in shares of Philip Morris International in the second quarter valued at $464,000. Institutional investors own 72.70% of the company’s stock.

In related news, Director Louis C. Camilleri sold 59,495 shares of the firm’s stock in a transaction dated Thursday, November 29th. The shares were sold at an average price of $86.98, for a total transaction of $5,174,875.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.22% of the stock is owned by company insiders.

Shares of PM traded up $1.35 during trading hours on Friday, reaching $69.50. 7,147,700 shares of the stock traded hands, compared to its average volume of 7,124,387. Philip Morris International Inc. has a 52 week low of $64.67 and a 52 week high of $111.25. The firm has a market capitalization of $105.57 billion, a P/E ratio of 14.10, a PEG ratio of 1.47 and a beta of 0.86.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, October 18th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.16. Philip Morris International had a net margin of 8.20% and a negative return on equity of 78.80%. The company had revenue of $7.50 billion for the quarter, compared to analyst estimates of $7.16 billion. During the same period last year, the firm earned $1.27 earnings per share. The firm’s revenue was up .4% on a year-over-year basis. As a group, analysts predict that Philip Morris International Inc. will post 5.01 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Thursday, December 20th will be given a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a dividend yield of 6.56%. The ex-dividend date is Wednesday, December 19th. Philip Morris International’s payout ratio is currently 92.49%.

A number of research analysts have weighed in on PM shares. Credit Suisse Group lowered shares of Philip Morris International from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $92.00 to $74.00 in a research note on Tuesday, December 18th. Zacks Investment Research lowered shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. ValuEngine raised shares of Philip Morris International from a “strong sell” rating to a “sell” rating in a research note on Friday, September 21st. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $110.00 price objective (down from $111.25) on shares of Philip Morris International in a research note on Friday, December 28th. Finally, Citigroup raised their price objective on shares of Philip Morris International from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, September 21st. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Philip Morris International currently has an average rating of “Hold” and a consensus target price of $92.08.

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About Philip Morris International

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

Read More: Yield Curve

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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