Philip Morris International Inc. (NYSE:PM) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 84,857 shares of the company’s stock after selling 1,216 shares during the period. Janney Capital Management LLC’s holdings in Philip Morris International were worth $10,302,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of PM. BNP Paribas acquired a new position in shares of Philip Morris International during the 1st quarter worth $55,000. Lincoln National Corp raised its position in Philip Morris International by 12.6% during the first quarter. Lincoln National Corp now owns 37,411 shares of the company’s stock worth $3,428,000 after acquiring an additional 4,201 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of Philip Morris International by 4.8% in the first quarter. Nordea Investment Management AB now owns 76,889 shares of the company’s stock valued at $7,061,000 after purchasing an additional 3,525 shares in the last quarter. Graypoint LLC grew its position in shares of Philip Morris International by 14.6% in the first quarter. Graypoint LLC now owns 10,076 shares of the company’s stock valued at $923,000 after purchasing an additional 1,280 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of Philip Morris International by 9.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 161,410 shares of the company’s stock worth $14,788,000 after purchasing an additional 13,974 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Down 1.5 %

PM stock opened at $130.65 on Friday. The company has a market cap of $203.14 billion, a price-to-earnings ratio of 20.74, a PEG ratio of 2.32 and a beta of 0.54. The business has a fifty day simple moving average of $123.70 and a 200-day simple moving average of $111.32. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $134.15.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.09. The company had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period last year, the business posted $1.67 EPS. As a group, analysts expect that Philip Morris International Inc. will post 6.51 earnings per share for the current fiscal year.

Philip Morris International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 26th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

Wall Street Analyst Weigh In

PM has been the topic of a number of analyst reports. StockNews.com upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Monday, July 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 price objective (up previously from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. Citigroup boosted their target price on shares of Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Philip Morris International from $118.00 to $135.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of Philip Morris International from $126.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.85.

Insider Activity at Philip Morris International

In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the transaction, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Philip Morris International news, insider Werner Barth sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 23rd. The stock was sold at an average price of $129.98, for a total value of $974,850.00. Following the completion of the transaction, the insider now owns 95,418 shares in the company, valued at $12,402,431.64. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Massimo Andolina sold 9,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $115.35, for a total transaction of $1,038,150.00. Following the sale, the insider now owns 85,629 shares in the company, valued at $9,877,305.15. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,418 shares of company stock worth $15,247,052. 0.13% of the stock is currently owned by corporate insiders.

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.