Federated Hermes Inc. Has $533.68 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Federated Hermes Inc. decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 9.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,434,371 shares of the company’s stock after selling 454,104 shares during the period. Philip Morris International accounts for 1.2% of Federated Hermes Inc.’s holdings, making the stock its 7th biggest position. Federated Hermes Inc.’s holdings in Philip Morris International were worth $533,677,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Waterloo Capital L.P. boosted its position in shares of Philip Morris International by 20.4% in the 4th quarter. Waterloo Capital L.P. now owns 36,533 shares of the company’s stock worth $4,397,000 after purchasing an additional 6,184 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Philip Morris International by 1.2% in the fourth quarter. Quadrant Capital Group LLC now owns 14,270 shares of the company’s stock valued at $1,718,000 after buying an additional 169 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Philip Morris International by 44.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,801,148 shares of the company’s stock worth $216,755,000 after acquiring an additional 556,223 shares in the last quarter. Rahlfs Capital LLC purchased a new stake in shares of Philip Morris International during the fourth quarter worth about $942,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Philip Morris International during the fourth quarter valued at about $1,204,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Philip Morris International

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was 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 in the company, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Werner Barth sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total value of $1,486,700.00. Following the transaction, the insider now directly owns 106,244 shares of the company’s stock, valued at $15,795,295.48. The trade was a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 131,822 shares of company stock valued at $19,655,585 in the last three months. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Trading Down 7.2 %

Philip Morris International stock opened at $150.47 on Friday. The firm has a market cap of $234.20 billion, a PE ratio of 33.36, a P/E/G ratio of 2.65 and a beta of 0.46. The stock’s 50 day simple moving average is $149.12 and its two-hundred day simple moving average is $133.27. Philip Morris International Inc. has a 12 month low of $87.82 and a 12 month high of $163.08.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, equities research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent analyst reports. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Barclays boosted their price objective on shares of Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. raised their target price on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Finally, Morgan Stanley started coverage on Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

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.