Zhang Financial LLC Sells 712 Shares of Philip Morris International Inc. (NYSE:PM)

Zhang Financial LLC cut its stake in Philip Morris International Inc. (NYSE:PM) by 5.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,928 shares of the company’s stock after selling 712 shares during the quarter. Zhang Financial LLC’s holdings in Philip Morris International were worth $1,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in PM. Fairfield Bush & CO. increased its holdings in shares of Philip Morris International by 1.1% in the 1st quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after acquiring an additional 281 shares during the period. American Century Companies Inc. increased its holdings in shares of Philip Morris International by 35.6% in the 1st quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock valued at $463,000 after acquiring an additional 1,296 shares during the period. Loomis Sayles & Co. L P grew its stake in Philip Morris International by 24.7% during the 1st quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock worth $288,000 after buying an additional 608 shares during the last quarter. Covestor Ltd grew its stake in Philip Morris International by 54.9% during the 1st quarter. Covestor Ltd now owns 525 shares of the company’s stock worth $49,000 after buying an additional 186 shares during the last quarter. Finally, Mather Group LLC. grew its stake in Philip Morris International by 14.7% during the 1st quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock worth $844,000 after buying an additional 1,154 shares during the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,250 shares of company stock worth $1,411,128. Corporate insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

PM has been the topic of several research analyst reports. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and dropped their target price for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. Finally, Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $105.40.

Philip Morris International Stock Performance

Philip Morris International stock opened at $93.77 on Friday. The business’s 50-day simple moving average is $91.20 and its two-hundred day simple moving average is $92.03. The company has a market cap of $145.77 billion, a PE ratio of 18.68, a PEG ratio of 1.90 and a beta of 0.61. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.79.

Philip Morris International (NYSE:PM) last posted its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). The firm had revenue of $9.05 billion for the quarter, compared to analysts’ expectations of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.39 EPS. As a group, analysts predict that Philip Morris International Inc. will post 6.38 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.55%. Philip Morris International’s dividend payout ratio is presently 103.59%.

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.