Newman Dignan & Sheerar Inc. Sells 1,081 Shares of Philip Morris International Inc. (PM)

Newman Dignan & Sheerar Inc. cut its position in shares of Philip Morris International Inc. (NYSE:PM) by 18.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,697 shares of the company’s stock after selling 1,081 shares during the period. Newman Dignan & Sheerar Inc.’s holdings in Philip Morris International were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PM. Essex Investment Management Co. LLC bought a new position in shares of Philip Morris International in the 4th quarter valued at approximately $27,000. Transamerica Financial Advisors Inc. raised its stake in shares of Philip Morris International by 552.8% in the 4th quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock valued at $32,000 after acquiring an additional 398 shares in the last quarter. Clean Yield Group acquired a new stake in Philip Morris International in the 4th quarter valued at approximately $37,000. Claybrook Capital LLC acquired a new stake in Philip Morris International in the 4th quarter valued at approximately $39,000. Finally, Litman Gregory Asset Management LLC acquired a new stake in Philip Morris International in the 4th quarter valued at approximately $40,000. 73.53% of the stock is owned by institutional investors.

In other news, CEO Andre Calantzopoulos sold 50,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 21st. The stock was 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 owns 844,901 shares of the company’s stock, valued at approximately $71,613,808.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.

A number of analysts have issued reports on the company. Citigroup raised their target price on Philip Morris International from $90.00 to $102.00 and gave the company a “buy” rating in a report on Monday, March 25th. ValuEngine raised Philip Morris International from a “sell” rating to a “hold” rating in a report on Friday, March 15th. Bank of America reaffirmed a “sell” rating and issued a $74.00 target price on shares of Philip Morris International in a report on Tuesday, March 26th. Zacks Investment Research lowered Philip Morris International from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Finally, UBS Group raised Philip Morris International from a “neutral” rating to a “buy” rating and raised their target price for the company 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 issued a hold rating and eight have assigned a buy rating to the company’s stock. Philip Morris International presently has a consensus rating of “Hold” and a consensus price target of $92.43.

Shares of NYSE:PM opened at $84.49 on Monday. Philip Morris International Inc. has a 1-year low of $64.67 and a 1-year high of $94.26. The company has a market cap of $131.45 billion, a PE ratio of 16.57, a PEG ratio of 2.23 and a beta of 0.95.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, April 18th. The company reported $1.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.10. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The company had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.76 billion. During the same quarter last year, the firm earned $1.00 EPS. Philip Morris International’s revenue for the quarter was down 2.1% compared to the same quarter last year. Research analysts expect that Philip Morris International Inc. will post 5.09 earnings per share for the current fiscal year.

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

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Philip Morris International Company 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.

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

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