Kennon Green & Company LLC Sells 6,005 Shares of Philip Morris International Inc. (NYSE:PM)

Kennon Green & Company LLC lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,595 shares of the company’s stock after selling 6,005 shares during the period. Philip Morris International makes up 5.2% of Kennon Green & Company LLC’s investment portfolio, making the stock its 5th largest position. Kennon Green & Company LLC’s holdings in Philip Morris International were worth $5,136,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Headlands Technologies LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter valued at $27,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Philip Morris International in the 4th quarter valued at $33,000. Legacy Financial Group LLC purchased a new stake in shares of Philip Morris International in the 3rd quarter valued at $37,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Philip Morris International in the 4th quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. raised its holdings in shares of Philip Morris International by 158.0% in the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after buying an additional 278 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock traded up $0.23 during midday trading on Monday, reaching $95.25. The stock had a trading volume of 1,710,442 shares, compared to its average volume of 5,721,219. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $100.79. The stock has a market capitalization of $148.07 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61. The stock’s 50-day simple moving average is $91.90 and its 200 day simple moving average is $92.18.

Philip Morris International (NYSE:PM) last issued 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 company had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Equities analysts predict that Philip Morris International Inc. will post 6.3 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.46%. Philip Morris International’s dividend payout ratio (DPR) is 101.56%.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the 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 in the company, valued at approximately $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock worth $3,339,528 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PM shares. Societe Generale upgraded Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, February 13th. Stifel Nicolaus upped their price target on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Argus restated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and cut their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Philip Morris International presently has a consensus rating of “Hold” and a consensus target price of $105.50.

About Philip Morris International

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.