Gladstone Capital Management LLP Has $106.33 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Gladstone Capital Management LLP lessened its stake in Philip Morris International Inc. (NYSE:PM) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 883,473 shares of the company’s stock after selling 37,886 shares during the period. Philip Morris International makes up about 8.9% of Gladstone Capital Management LLP’s holdings, making the stock its 3rd biggest holding. Gladstone Capital Management LLP’s holdings in Philip Morris International were worth $106,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. NewSquare Capital LLC lifted 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 buying an additional 72 shares during the last quarter. Dunhill Financial LLC raised its stake in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after acquiring an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International in the 4th quarter worth approximately $33,000. Knuff & Co LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at $36,000. Finally, Sierra Ocean LLC bought a new position in shares of Philip Morris International during the 4th quarter valued at $37,000. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

PM opened at $150.47 on Friday. The stock has a market capitalization of $234.20 billion, a PE ratio of 33.36, a price-to-earnings-growth ratio of 2.65 and a beta of 0.46. The stock’s 50 day moving average price is $149.12 and its 200-day moving average price is $133.20. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $163.08.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. Research analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.59%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Insiders Place Their Bets

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the transaction, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Werner Barth sold 10,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the sale, the insider now owns 106,244 shares in the company, valued at approximately $15,795,295.48. This trade represents a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock worth $19,655,585 over the last three months. Company insiders own 0.13% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on PM shares. Morgan Stanley initiated coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a research note on Friday, March 14th. Barclays raised their price target on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price objective on Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.