Philip Morris International Inc. (NYSE:PM) Shares Sold by Financial Partners Capital Management LLC

Financial Partners Capital Management LLC trimmed its holdings in Philip Morris International Inc. (NYSE:PM) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,006 shares of the company’s stock after selling 897 shares during the quarter. Financial Partners Capital Management LLC’s holdings in Philip Morris International were worth $1,803,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Essex Investment Management Co. LLC bought a new stake in Philip Morris International in the fourth quarter worth $27,000. Transamerica Financial Advisors Inc. increased its stake in Philip Morris International by 552.8% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 470 shares of the company’s stock worth $32,000 after purchasing an additional 398 shares during the period. Clean Yield Group purchased a new stake in Philip Morris International in the fourth quarter worth $37,000. Claybrook Capital LLC purchased a new stake in Philip Morris International in the fourth quarter worth $39,000. Finally, Litman Gregory Asset Management LLC purchased a new stake in Philip Morris International in the fourth quarter worth $40,000. Institutional investors and hedge funds own 73.51% of the company’s stock.

In other news, CEO Andre Calantzopoulos sold 50,000 shares of the company’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $84.76, for a total value of $4,238,000.00. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, insider Mario Masseroli sold 1,200 shares of the stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $84.32, for a total value of $101,184.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 121,200 shares of company stock worth $10,186,984. Corporate insiders own 0.21% of the company’s stock.

Shares of Philip Morris International stock traded up $0.78 during trading on Friday, hitting $85.70. 2,738,800 shares of the stock traded hands, compared to its average volume of 5,871,851. The firm has a market cap of $133.33 billion, a P/E ratio of 16.80, a P/E/G ratio of 2.19 and a beta of 0.93. Philip Morris International Inc. has a 52-week low of $64.67 and a 52-week high of $92.74.

Philip Morris International (NYSE:PM) last announced its quarterly earnings results on Thursday, April 18th. The company reported $1.09 EPS for the quarter, beating the consensus estimate of $0.99 by $0.10. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.76 billion. Philip Morris International had a negative return on equity of 78.74% and a net margin of 9.74%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 earnings per share. As a group, research analysts forecast that Philip Morris International Inc. will post 5.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were paid a $1.14 dividend. This represents a $4.56 annualized dividend and a dividend yield of 5.32%. The ex-dividend date was Monday, March 25th. Philip Morris International’s dividend payout ratio (DPR) is presently 89.41%.

A number of analysts have weighed in on the company. ValuEngine upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Morgan Stanley increased their target price on Philip Morris International from $88.00 to $94.00 and gave the stock an “overweight” rating in a research note on Monday, April 15th. Zacks Investment Research lowered Philip Morris International from a “buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Bank of America reiterated a “sell” rating and issued a $74.00 target price on shares of Philip Morris International in a research note on Tuesday, March 26th. Finally, Citigroup increased their target price on Philip Morris International from $90.00 to $102.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $91.85.

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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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