Philip Morris International Inc. (NYSE:PM) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,655 shares of the company’s stock after selling 1,511 shares during the quarter. Alaska Permanent Fund Corp’s holdings in Philip Morris International were worth $1,097,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PM. PFG Investments LLC grew its position in Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock worth $560,000 after buying an additional 109 shares in the last quarter. Townsend Asset Management Corp NC ADV lifted its stake in Philip Morris International by 3.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company’s stock worth $277,000 after purchasing an additional 110 shares during the period. CGC Financial Services LLC lifted its stake in Philip Morris International by 8.2% during the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after purchasing an additional 110 shares during the period. Raleigh Capital Management Inc. lifted its stake in Philip Morris International by 0.3% during the third quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after purchasing an additional 112 shares during the period. Finally, Apexium Financial LP lifted its stake in Philip Morris International by 4.9% during the third quarter. Apexium Financial LP now owns 2,467 shares of the company’s stock worth $229,000 after purchasing an additional 116 shares during the period. 78.63% of the stock is owned by institutional investors.

Insider Buying and Selling at Philip Morris International

In related news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at approximately $8,860,113.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $772,447.50. Following the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’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 owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. Insiders have sold a total of 15,250 shares of company stock valued at $1,411,128 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Price Performance

Shares of NYSE:PM opened at $95.76 on Friday. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The stock has a market capitalization of $148.86 billion, a PE ratio of 18.77, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61. The company’s 50-day moving average price is $91.79 and its two-hundred day moving average price is $92.18.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 earnings per share. On average, analysts anticipate that Philip Morris International Inc. will post 6.29 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.43%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on PM shares. Argus reiterated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. UBS Group cut shares of 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 report on Tuesday, January 23rd. Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a research report on Tuesday, February 13th. Finally, Stifel Nicolaus boosted their price objective on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. One equities research 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. Based on data from MarketBeat, Philip Morris International has a consensus rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Company 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.