BRYN MAWR TRUST Co Sells 820 Shares of Philip Morris International Inc. (NYSE:PM)

BRYN MAWR TRUST Co reduced its holdings in shares of Philip Morris International Inc. (NYSE:PMGet Rating) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 35,803 shares of the company’s stock after selling 820 shares during the quarter. BRYN MAWR TRUST Co’s holdings in Philip Morris International were worth $3,402,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PM. Flossbach Von Storch AG lifted its stake in shares of Philip Morris International by 72.4% during the 4th quarter. Flossbach Von Storch AG now owns 7,527,390 shares of the company’s stock worth $715,102,000 after acquiring an additional 3,160,310 shares during the last quarter. GQG Partners LLC raised its position in Philip Morris International by 21.2% during the 3rd quarter. GQG Partners LLC now owns 14,236,513 shares of the company’s stock valued at $1,349,383,000 after purchasing an additional 2,491,345 shares in the last quarter. Capital World Investors raised its position in Philip Morris International by 2.7% during the 3rd quarter. Capital World Investors now owns 82,760,572 shares of the company’s stock valued at $7,844,875,000 after purchasing an additional 2,152,766 shares in the last quarter. Natixis raised its position in Philip Morris International by 346.1% during the 3rd quarter. Natixis now owns 2,518,090 shares of the company’s stock valued at $238,690,000 after purchasing an additional 1,953,671 shares in the last quarter. Finally, Two Sigma Advisers LP raised its position in Philip Morris International by 1,483.2% during the 3rd quarter. Two Sigma Advisers LP now owns 1,190,600 shares of the company’s stock valued at $112,857,000 after purchasing an additional 1,115,400 shares in the last quarter. 74.78% of the stock is owned by hedge funds and other institutional investors.

PM stock traded up $1.06 on Friday, hitting $104.43. 2,816,147 shares of the company’s stock were exchanged, compared to its average volume of 5,078,267. Philip Morris International Inc. has a 12-month low of $85.64 and a 12-month high of $112.48. The firm has a 50 day moving average price of $97.78 and a two-hundred day moving average price of $97.66. The stock has a market cap of $161.88 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 3.65 and a beta of 0.67.

Philip Morris International (NYSE:PMGet Rating) last announced its earnings results on Thursday, April 21st. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.48 by $0.08. Philip Morris International had a negative return on equity of 110.49% and a net margin of 10.97%. The firm had revenue of $7.75 billion for the quarter, compared to the consensus estimate of $7.43 billion. During the same period in the previous year, the business earned $1.57 EPS. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 5.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 12th. Investors of record on Thursday, March 24th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, March 23rd. This represents a $5.00 annualized dividend and a yield of 4.79%. Philip Morris International’s dividend payout ratio (DPR) is 86.51%.

A number of equities research analysts have weighed in on PM shares. Stifel Nicolaus decreased their target price on Philip Morris International from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Friday, March 25th. Morgan Stanley lifted their target price on Philip Morris International from $104.00 to $112.00 and gave the company an “overweight” rating in a research report on Friday, April 22nd. Barclays decreased their target price on Philip Morris International from $125.00 to $120.00 in a research report on Friday, February 25th. Bank of America lifted their price target on Philip Morris International from $107.00 to $117.00 in a report on Sunday, April 24th. Finally, The Goldman Sachs Group downgraded Philip Morris International from a “buy” rating to a “neutral” rating and cut their price target for the company from $116.00 to $100.00 in a report on Tuesday, March 22nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Philip Morris International currently has an average rating of “Buy” and an average price target of $112.00.

In other Philip Morris International news, insider Wilde Frederic De sold 29,941 shares of the business’s stock in a transaction dated Tuesday, February 22nd. The stock was sold at an average price of $108.49, for a total transaction of $3,248,299.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is owned by insiders.

About Philip Morris International (Get Rating)

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other nicotine-containing products, 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 Creations, HEETS Dimensions, HEETS Marlboro, HEETS FROM MARLBORO, Marlboro Dimensions, Marlboro HeatSticks, and Parliament HeatSticks brands, as well as under the Fiit and Miix licensed brands.

Featured Articles

Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PMGet Rating).

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

Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.