MADDEN SECURITIES Corp Sells 600 Shares of Philip Morris International Inc. (NYSE:PM)

MADDEN SECURITIES Corp decreased its position in shares of Philip Morris International Inc. (NYSE:PMFree Report) by 12.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,186 shares of the company’s stock after selling 600 shares during the quarter. MADDEN SECURITIES Corp’s holdings in Philip Morris International were worth $383,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors grew its stake in Philip Morris International by 9.1% in the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock valued at $5,495,794,000 after acquiring an additional 4,869,272 shares during the period. Wellington Management Group LLP grew its position in shares of Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after purchasing an additional 3,121,732 shares during the period. Lone Pine Capital LLC bought a new stake in Philip Morris International during the 4th quarter worth approximately $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Philip Morris International by 25.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after buying an additional 2,123,311 shares during the period. Finally, Point72 Asset Management L.P. boosted its holdings in shares of Philip Morris International by 216.1% in the fourth quarter. Point72 Asset Management L.P. now owns 1,691,337 shares of the company’s stock valued at $159,121,000 after buying an additional 1,156,227 shares during the period. Institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

PM has been the subject of several recent research reports. Stifel Nicolaus upped their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. Argus reissued a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $105.50.

View Our Latest Stock Report on Philip Morris International

Philip Morris International Stock Performance

NYSE PM traded down $0.04 during trading on Thursday, hitting $101.20. 4,641,119 shares of the company’s stock traded hands, compared to its average volume of 5,446,711. The stock has a market capitalization of $157.32 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 2.08 and a beta of 0.57. The business has a 50 day moving average of $98.52 and a 200-day moving average of $94.48. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.38 EPS. On average, analysts expect that Philip Morris International Inc. will post 6.32 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Stockholders of record on Friday, June 21st will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 5.14%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

Philip Morris International 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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