Hendley & Co. Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM – Free Report) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,025 shares of the company’s stock after selling 175 shares during the period. Hendley & Co. Inc.’s holdings in Philip Morris International were worth $1,568,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of PM. Valley Wealth Managers Inc. lifted its holdings in Philip Morris International by 457.5% during the third quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock worth $27,000 after acquiring an additional 183 shares during the period. Dunhill Financial LLC raised its stake in shares of Philip Morris International by 203.8% during the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth $33,000. Concord Wealth Partners boosted its holdings in shares of Philip Morris International by 2,709.1% in the 3rd quarter. Concord Wealth Partners now owns 309 shares of the company’s stock worth $38,000 after buying an additional 298 shares during the last quarter. Finally, Sierra Ocean LLC bought a new position in Philip Morris International during the fourth quarter valued at about $37,000. 78.63% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Philip Morris International
In other news, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the transaction, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. The trade was a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock worth $19,092,846 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Philip Morris International
Philip Morris International Trading Up 1.1 %
Philip Morris International stock opened at $156.13 on Tuesday. Philip Morris International Inc. has a 1-year low of $87.82 and a 1-year high of $156.63. The firm has a market capitalization of $242.76 billion, a PE ratio of 34.62, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. The firm’s 50 day simple moving average is $130.42 and its 200 day simple moving average is $126.81.
Philip Morris International (NYSE:PM – Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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%. Research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.
Philip Morris International Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a $1.35 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a yield of 3.46%. 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.
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