Everett Harris & Co. CA Sells 283 Shares of Philip Morris International Inc. (NYSE:PM)

Everett Harris & Co. CA cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 2.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,549 shares of the company’s stock after selling 283 shares during the quarter. Everett Harris & Co. CA’s holdings in Philip Morris International were worth $1,150,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Tennessee Valley Asset Management Partners bought a new stake in Philip Morris International in the 4th quarter valued at $33,000. Northwest Financial Advisors purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $33,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $38,000. Wetzel Investment Advisors Inc. bought a new position in Philip Morris International during the fourth quarter valued at approximately $39,000. Finally, Quarry LP grew its holdings in Philip Morris International by 307.5% during the 4th quarter. Quarry LP now owns 436 shares of the company’s stock valued at $41,000 after buying an additional 329 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus increased their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $104.22.

Insiders Place Their Bets

In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction dated 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 completion of the sale, the insider now owns 178,447 shares in the company, valued at approximately $17,205,859.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

Philip Morris International Trading Down 0.5 %

Shares of PM opened at $100.96 on Friday. The company’s fifty day simple moving average is $100.46 and its 200-day simple moving average is $95.13. The company has a market cap of $156.95 billion, a P/E ratio of 19.81, a P/E/G ratio of 2.08 and a beta of 0.58. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90.

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, topping analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 EPS. Analysts predict that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 5.15%. The ex-dividend date is Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Philip Morris International 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.