Philip Morris International Inc. (NYSE:PM) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its position in Philip Morris International Inc. (NYSE:PM) by 9.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,351,949 shares of the company’s stock after selling 723,257 shares during the period. Philip Morris International accounts for about 1.7% of Federated Hermes Inc.’s investment portfolio, making the stock its 2nd biggest holding. Federated Hermes Inc. owned about 0.47% of Philip Morris International worth $691,671,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fairfield Bush & CO. boosted its stake in Philip Morris International by 1.1% in the first quarter. Fairfield Bush & CO. now owns 26,141 shares of the company’s stock valued at $2,456,000 after acquiring an additional 281 shares during the period. American Century Companies Inc. grew its position in Philip Morris International by 35.6% in the first quarter. American Century Companies Inc. now owns 4,939 shares of the company’s stock worth $463,000 after buying an additional 1,296 shares during the last quarter. Loomis Sayles & Co. L P grew its position in Philip Morris International by 24.7% in the first quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company’s stock worth $288,000 after buying an additional 608 shares during the last quarter. Covestor Ltd grew its position in Philip Morris International by 54.9% in the first quarter. Covestor Ltd now owns 525 shares of the company’s stock worth $49,000 after buying an additional 186 shares during the last quarter. Finally, Mather Group LLC. grew its position in Philip Morris International by 14.7% in the first quarter. Mather Group LLC. now owns 8,987 shares of the company’s stock worth $844,000 after buying an additional 1,154 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly 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 Securities & Exchange Commission, which is available through this link. In other Philip Morris International news, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now directly 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 Securities & Exchange Commission, which is available through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total transaction of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Insiders have sold a total of 15,250 shares of company stock valued at $1,411,128 over the last quarter. 0.13% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have issued reports on PM. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and decreased their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Societe Generale upgraded shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $105.40.

Philip Morris International Stock Performance

Shares of PM traded up $0.29 during trading hours on Thursday, reaching $90.87. 1,285,364 shares of the company traded hands, compared to its average volume of 5,436,015. The stock’s fifty day moving average is $91.07 and its 200 day moving average is $92.02. The stock has a market cap of $141.26 billion, a P/E ratio of 18.05, a price-to-earnings-growth ratio of 1.87 and a beta of 0.61. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $101.92.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.08). The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a net margin of 8.53% and a negative return on equity of 116.29%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.39 EPS. On average, equities research analysts predict that Philip Morris International Inc. will post 6.37 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were paid a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.72%. Philip Morris International’s payout ratio is currently 103.59%.

Philip Morris International Company Profile

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.