Fidelity D & D Bancorp Inc. Sells 311 Shares of Philip Morris International Inc. (NYSE:PM)

Fidelity D & D Bancorp Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,530 shares of the company’s stock after selling 311 shares during the quarter. Fidelity D & D Bancorp Inc.’s holdings in Philip Morris International were worth $507,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital Research Global Investors increased its holdings in Philip Morris International by 9.1% in the 4th quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after buying an additional 4,869,272 shares in the last quarter. Wellington Management Group LLP increased its holdings in 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 worth $2,575,742,000 after buying an additional 3,121,732 shares in the last quarter. Lone Pine Capital LLC bought a new stake in Philip Morris International in the 4th quarter worth about $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Philip Morris International by 25.5% in 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 in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in shares of Philip Morris International by 216.1% during the 4th quarter. Point72 Asset Management L.P. now owns 1,691,337 shares of the company’s stock valued at $159,121,000 after purchasing an additional 1,156,227 shares during the period. 78.63% of the stock is currently owned by institutional investors.

Insider Activity

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

Philip Morris International Price Performance

Shares of PM stock traded down $0.24 during trading hours on Friday, reaching $101.33. 7,299,472 shares of the company traded hands, compared to its average volume of 5,042,973. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The company has a market cap of $157.52 billion, a P/E ratio of 19.80, a P/E/G ratio of 2.09 and a beta of 0.57. The firm has a 50-day moving average price of $100.08 and a 200 day moving average price of $94.93.

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

Philip Morris International Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 5.13%. Philip Morris International’s payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on PM shares. Argus restated a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus boosted their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $104.22.

About Philip Morris International

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.