Philip Morris International Inc. (NYSE:PM) Shares Sold by Howland Capital Management LLC

Howland Capital Management LLC lessened its holdings in Philip Morris International Inc. (NYSE:PMFree Report) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,022 shares of the company’s stock after selling 324 shares during the period. Howland Capital Management LLC’s holdings in Philip Morris International were worth $574,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Studio Investment Management LLC boosted its position in Philip Morris International by 33.8% in the 4th quarter. Studio Investment Management LLC now owns 428 shares of the company’s stock valued at $43,000 after buying an additional 108 shares during the last quarter. PFG Investments LLC boosted its position in Philip Morris International by 1.9% in the 4th quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after buying an additional 109 shares during the last quarter. Townsend Asset Management Corp NC ADV boosted its position in Philip Morris International by 3.8% in the 3rd quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock valued at $277,000 after buying an additional 110 shares during the last quarter. CGC Financial Services LLC boosted its position in Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock valued at $137,000 after buying an additional 110 shares during the last quarter. Finally, Corrigan Financial Inc. lifted its stake in shares of Philip Morris International by 2.5% in the 2nd quarter. Corrigan Financial Inc. now owns 4,602 shares of the company’s stock valued at $449,000 after purchasing an additional 112 shares during the period. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock traded down $0.71 during midday trading on Wednesday, reaching $91.11. 551,617 shares of the company’s stock were exchanged, compared to its average volume of 5,360,012. Philip Morris International Inc. has a 52 week low of $87.23 and a 52 week high of $101.92. The firm has a market cap of $141.64 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 2.06 and a beta of 0.61. The stock’s 50-day simple moving average is $91.46 and its 200 day simple moving average is $92.35.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the prior year, the firm earned $1.39 EPS. The company’s revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be issued a dividend of $1.30 per share. The ex-dividend date is Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.71%. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PM. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Finally, Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $105.40.

Check Out Our Latest Research Report on Philip Morris International

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,250 shares of company stock worth $1,411,128. Corporate insiders own 0.15% of the company’s stock.

Philip Morris International Company Profile

(Free Report)

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.

Further Reading

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

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