Probity Advisors Inc. Sells 1,999 Shares of Philip Morris International Inc. (NYSE:PM)

Probity Advisors Inc. lessened its holdings in Philip Morris International Inc. (NYSE:PMGet Rating) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,278 shares of the company’s stock after selling 1,999 shares during the quarter. Probity Advisors Inc.’s holdings in Philip Morris International were worth $786,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. WP Advisors LLC lifted its position in Philip Morris International by 1.2% during the 4th quarter. WP Advisors LLC now owns 8,139 shares of the company’s stock worth $773,000 after acquiring an additional 97 shares during the period. Successful Portfolios LLC increased its stake in Philip Morris International by 2.9% in the 4th quarter. Successful Portfolios LLC now owns 3,500 shares of the company’s stock valued at $333,000 after purchasing an additional 100 shares in the last quarter. Schmidt P J Investment Management Inc. increased its position in Philip Morris International by 1.4% during the fourth quarter. Schmidt P J Investment Management Inc. now owns 7,094 shares of the company’s stock worth $730,000 after buying an additional 100 shares in the last quarter. Concorde Asset Management LLC increased its position in Philip Morris International by 3.4% during the fourth quarter. Concorde Asset Management LLC now owns 3,197 shares of the company’s stock worth $320,000 after buying an additional 104 shares in the last quarter. Finally, Forte Capital LLC ADV increased its position in Philip Morris International by 0.8% during the fourth quarter. Forte Capital LLC ADV now owns 13,329 shares of the company’s stock worth $1,266,000 after buying an additional 106 shares in the last quarter. 74.78% of the stock is owned by institutional investors and hedge funds.

In other Philip Morris International news, insider Wilde Frederic De sold 29,941 shares of the firm’s stock in a transaction dated Tuesday, February 22nd. The shares were sold at an average price of $108.49, for a total transaction of $3,248,299.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.13% of the stock is owned by company insiders.

Shares of NYSE PM traded up $1.06 during mid-day trading on Friday, reaching $104.43. The company had a trading volume of 2,816,147 shares, compared to its average volume of 5,078,267. Philip Morris International Inc. has a twelve month low of $85.64 and a twelve month high of $112.48. The stock has a market capitalization of $161.88 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 3.65 and a beta of 0.67. The stock’s 50 day moving average is $97.78 and its 200-day moving average is $97.66.

Philip Morris International (NYSE:PMGet Rating) last posted its earnings results on Thursday, April 21st. The company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.48 by $0.08. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.43 billion. Philip Morris International had a net margin of 10.97% and a negative return on equity of 110.49%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.57 earnings per share. Sell-side analysts forecast that Philip Morris International Inc. will post 5.53 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 12th. Investors of record on Thursday, March 24th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date of this dividend was Wednesday, March 23rd. Philip Morris International’s dividend payout ratio (DPR) is presently 86.51%.

A number of brokerages recently weighed in on PM. JPMorgan Chase & Co. cut Philip Morris International from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $130.00 to $110.00 in a report on Monday, March 7th. Morgan Stanley lifted their target price on Philip Morris International from $104.00 to $112.00 and gave the stock an “overweight” rating in a research report on Friday, April 22nd. UBS Group lifted their target price on Philip Morris International from $95.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, February 17th. Bank of America lifted their target price on Philip Morris International from $107.00 to $117.00 in a research report on Sunday, April 24th. Finally, Stifel Nicolaus lowered their price objective on Philip Morris International from $115.00 to $105.00 and set a “buy” rating for the company in a report on Friday, March 25th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $112.00.

About Philip Morris International (Get Rating)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, smoke-free products, and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

Read More

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PMGet Rating).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.