Philip Morris International Inc. (NYSE:PM) Shares Sold by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd lessened its holdings in Philip Morris International Inc. (NYSE:PM) by 15.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,881 shares of the company’s stock after selling 9,535 shares during the quarter. Point72 Hong Kong Ltd’s holdings in Philip Morris International were worth $6,124,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NewSquare Capital LLC lifted its stake in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. McClarren Financial Advisors Inc. acquired a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Knuff & Co LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $36,000. Sierra Ocean LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $37,000. Finally, Transce3nd LLC acquired a new position in shares of Philip Morris International in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.2%

Philip Morris International stock opened at $164.21 on Thursday. Philip Morris International Inc. has a 52-week low of $98.93 and a 52-week high of $176.49. The firm has a market capitalization of $255.60 billion, a price-to-earnings ratio of 36.41, a PEG ratio of 2.65 and a beta of 0.50. The company has a fifty day simple moving average of $159.62 and a 200-day simple moving average of $141.73.

Philip Morris International (NYSE:PM) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm earned $1.50 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. On average, research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International’s payout ratio is 111.34%.

Insider Transactions at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the sale, the insider now owns 26,828 shares of the company’s stock, valued at approximately $4,103,610.88. This represents a 12.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $151.28, for a total transaction of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at $4,584,994.24. This represents a 7.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 126,822 shares of company stock valued at $18,906,185 over the last 90 days. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PM. Citigroup boosted their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. Argus upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. UBS Group upgraded shares of Philip Morris International from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $130.00 to $170.00 in a research report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. Finally, Barclays upped their price objective on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an “overweight” rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and an average price target of $166.33.

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.