Bryn Mawr Capital Management LLC Trims Stock Position in Philip Morris International Inc. (NYSE:PM)

Bryn Mawr Capital Management LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 44.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,881 shares of the company’s stock after selling 29,073 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Philip Morris International were worth $3,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP increased its holdings in Philip Morris International by 12.6% in the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after buying an additional 3,121,732 shares in the last quarter. Invesco Ltd. increased its holdings in Philip Morris International by 33.5% in the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after buying an additional 4,304,089 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Philip Morris International by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,270,435 shares of the company’s stock valued at $1,197,730,000 after buying an additional 87,946 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in Philip Morris International by 3.7% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock valued at $769,881,000 after buying an additional 299,005 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Philip Morris International by 0.3% in the third quarter. Royal Bank of Canada now owns 6,806,099 shares of the company’s stock valued at $630,108,000 after buying an additional 20,092 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group lowered shares of Philip Morris International from a “buy” rating to a “sell” rating and lowered their price target for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. 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. Finally, Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $105.50.

Philip Morris International Stock Down 1.2 %

NYSE:PM traded down $1.12 on Friday, hitting $94.97. The stock had a trading volume of 5,390,948 shares, compared to its average volume of 5,771,704. The stock has a market cap of $147.64 billion, a price-to-earnings ratio of 18.55, a PEG ratio of 2.09 and a beta of 0.61. The company has a fifty day moving average price of $91.90 and a two-hundred day moving average price of $92.20. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.79.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. Philip Morris International had a net margin of 9.83% and a negative return on equity of 113.26%. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. During the same period in the prior year, the business posted $1.38 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, analysts anticipate that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is presently 101.56%.

Insider Buying and Selling at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Wilde Frederic De sold 20,000 shares of the company’s stock in a transaction 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 completion of the transaction, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,250 shares of company stock valued at $3,339,528. Insiders own 0.13% of the company’s stock.

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.