Philip Morris International Inc. (NYSE:PM) Shares Sold by Shelter Ins Retirement Plan

Shelter Ins Retirement Plan reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,800 shares of the company’s stock after selling 4,100 shares during the quarter. Philip Morris International comprises 2.0% of Shelter Ins Retirement Plan’s investment portfolio, making the stock its 25th biggest holding. Shelter Ins Retirement Plan’s holdings in Philip Morris International were worth $3,592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Philip Morris International by 266,796.4% in the third quarter. Bank of New York Mellon Corp now owns 16,985,289 shares of the company’s stock worth $1,384,981,000 after purchasing an additional 16,978,925 shares in the last quarter. CI Investments Inc. raised its position in Philip Morris International by 27.5% in the third quarter. CI Investments Inc. now owns 299,454 shares of the company’s stock worth $24,417,000 after purchasing an additional 64,508 shares in the last quarter. Virtu Financial LLC raised its position in Philip Morris International by 66.2% in the third quarter. Virtu Financial LLC now owns 8,511 shares of the company’s stock worth $694,000 after purchasing an additional 3,389 shares in the last quarter. Banco Santander S.A. raised its position in Philip Morris International by 179.9% in the third quarter. Banco Santander S.A. now owns 18,501 shares of the company’s stock worth $1,508,000 after purchasing an additional 11,890 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in Philip Morris International by 1.9% in the third quarter. Baird Financial Group Inc. now owns 179,516 shares of the company’s stock worth $14,689,000 after purchasing an additional 3,325 shares in the last quarter. 73.53% of the stock is owned by institutional investors and hedge funds.

In other news, CEO Andre Calantzopoulos sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $84.76, for a total transaction of $4,238,000.00. Following the sale, the chief executive officer now directly owns 844,901 shares of the company’s stock, valued at $71,613,808.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.

PM has been the subject of several recent research reports. ValuEngine raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a research report on Friday, March 15th. Bank of America reaffirmed a “sell” rating and set a $74.00 price objective on shares of Philip Morris International in a report on Tuesday, March 26th. Piper Jaffray Companies set a $100.00 price objective on shares of Philip Morris International and gave the stock a “buy” rating in a report on Friday, February 8th. Morgan Stanley raised their price objective on shares of Philip Morris International from $88.00 to $94.00 and gave the stock an “overweight” rating in a report on Monday, April 15th. Finally, UBS Group raised shares of Philip Morris International from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $86.00 to $101.00 in a report on Wednesday, February 27th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. Philip Morris International currently has a consensus rating of “Hold” and an average price target of $92.43.

Shares of PM traded down $0.99 during mid-day trading on Friday, hitting $84.49. 7,765,417 shares of the company traded hands, compared to its average volume of 5,232,575. Philip Morris International Inc. has a one year low of $64.67 and a one year high of $94.26. The stock has a market capitalization of $131.45 billion, a P/E ratio of 16.57, a price-to-earnings-growth ratio of 2.23 and a beta of 0.95.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Thursday, April 18th. The company reported $1.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.99 by $0.10. Philip Morris International had a net margin of 9.74% and a negative return on equity of 78.74%. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.76 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. Philip Morris International’s revenue was down 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 5.09 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were paid a dividend of $1.14 per share. The ex-dividend date of this dividend was Monday, March 25th. This represents a $4.56 annualized dividend and a dividend yield of 5.40%. Philip Morris International’s dividend payout ratio (DPR) is currently 89.41%.

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Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, and smoke-free products and related electronic devices and accessories. The company offers IQOS smoke-free products, including heated tobacco and nicotine-containing vapor products under the HEETS, HEETS Marlboro, and HEETS FROM MARLBORO brands, as well as the Marlboro HeatSticks and Parliament HeatSticks brands.

Read More: Intrinsic Value and Stock Selection

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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