Evergreen Capital Management LLC Reduces Stake in Philip Morris International Inc. (NYSE:PM)

Evergreen Capital Management LLC trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 13,752 shares of the company’s stock after selling 272 shares during the quarter. Evergreen Capital Management LLC’s holdings in Philip Morris International were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. NewSquare Capital LLC boosted its position in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after purchasing an additional 72 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in Philip Morris International during the fourth quarter worth $33,000. Knuff & Co LLC purchased a new position in shares of Philip Morris International in the 4th quarter valued at about $36,000. Sierra Ocean LLC purchased a new stake in shares of Philip Morris International in the fourth quarter valued at approximately $37,000. Finally, Truvestments Capital LLC raised its stake in shares of Philip Morris International by 113.8% during the 4th quarter. Truvestments Capital LLC now owns 357 shares of the company’s stock worth $43,000 after buying an additional 190 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on PM. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Morgan Stanley assumed coverage on Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective for the company. Finally, UBS Group upped their target price on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $150.78.

Insider Transactions at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the completion of the transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at $81,495,308.62. This trade represents a 6.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by insiders.

Philip Morris International Price Performance

Philip Morris International stock opened at $163.08 on Friday. The stock has a market cap of $253.83 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The firm has a 50 day simple moving average of $153.50 and a 200-day simple moving average of $135.62. Philip Morris International Inc. has a 1-year low of $90.65 and a 1-year high of $165.00.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Equities analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s dividend payout ratio is presently 119.73%.

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.