Webster Bank N. A. Sells 193 Shares of Philip Morris International Inc. (NYSE:PM)

Webster Bank N. A. lowered its stake in Philip Morris International Inc. (NYSE:PMFree Report) by 5.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,214 shares of the company’s stock after selling 193 shares during the period. Webster Bank N. A.’s holdings in Philip Morris International were worth $302,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in PM. Independence Bank of Kentucky lifted its stake in shares of Philip Morris International by 124.7% in the 4th quarter. Independence Bank of Kentucky now owns 11,963 shares of the company’s stock valued at $1,125,000 after purchasing an additional 6,639 shares during the period. ERTS Wealth Advisors LLC boosted its holdings in Philip Morris International by 10.6% in the fourth quarter. ERTS Wealth Advisors LLC now owns 3,306 shares of the company’s stock worth $311,000 after acquiring an additional 318 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Philip Morris International by 15.2% in the 4th quarter. DAVENPORT & Co LLC now owns 1,387,052 shares of the company’s stock worth $130,524,000 after acquiring an additional 182,946 shares during the last quarter. Colonial River Wealth Management LLC boosted its position in shares of Philip Morris International by 62.9% during the fourth quarter. Colonial River Wealth Management LLC now owns 9,929 shares of the company’s stock valued at $934,000 after buying an additional 3,834 shares during the last quarter. Finally, Regent Peak Wealth Advisors LLC bought a new stake in shares of Philip Morris International in the fourth quarter worth approximately $211,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

PM opened at $91.82 on Wednesday. The stock has a market capitalization of $142.74 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 2.06 and a beta of 0.61. The company has a fifty day moving average of $91.46 and a 200 day moving average of $92.35. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $101.92.

Philip Morris International (NYSE:PMGet Free Report) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm had revenue of $9.05 billion for the quarter, compared to the consensus estimate of $8.99 billion. During the same period in the previous year, the company posted $1.39 earnings per share. Philip Morris International’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be issued a $1.30 dividend. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.66%. Philip Morris International’s dividend payout ratio (DPR) is presently 103.59%.

Analyst Ratings Changes

Several brokerages have issued reports on PM. Argus reissued a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a report on Tuesday, February 13th. Finally, UBS Group cut shares of Philip Morris International from a “buy” rating to a “sell” rating and dropped their price target for the stock from $105.00 to $86.50 in a research note on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $105.40.

Check Out Our Latest Research Report on PM

Insider Activity

In related news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of the transaction, the insider now owns 102,918 shares in the company, valued at $9,412,880.28. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares of the company’s stock, valued at $9,412,880.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,250 shares of company stock worth $1,411,128. 0.15% of the stock is currently owned by corporate insiders.

Philip Morris International Company Profile

(Free Report)

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

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