Philip Morris International Inc. (NYSE:PM) Stock Position Decreased by Retirement Systems of Alabama

Retirement Systems of Alabama cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 1.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 853,836 shares of the company’s stock after selling 8,864 shares during the quarter. Retirement Systems of Alabama’s holdings in Philip Morris International were worth $80,329,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Stonebrook Private Inc. bought a new stake in shares of Philip Morris International during the 4th quarter worth $242,000. Unique Wealth Strategies LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $889,000. Meixler Investment Management Ltd. boosted its stake in shares of Philip Morris International by 6.8% during the 4th quarter. Meixler Investment Management Ltd. now owns 25,546 shares of the company’s stock worth $2,403,000 after acquiring an additional 1,635 shares in the last quarter. Gilliland Jeter Wealth Management LLC bought a new stake in shares of Philip Morris International during the 4th quarter worth $1,251,000. Finally, Headlands Technologies LLC boosted its stake in shares of Philip Morris International by 1,529.8% during the 4th quarter. Headlands Technologies LLC now owns 4,759 shares of the company’s stock worth $448,000 after acquiring an additional 4,467 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Trading Down 1.1 %

NYSE PM traded down $1.07 during trading on Friday, hitting $95.02. 5,391,012 shares of the company traded hands, compared to its average volume of 6,541,754. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $100.79. The business has a fifty day simple moving average of $91.90 and a 200 day simple moving average of $92.18. The company has a market capitalization of $147.71 billion, a P/E ratio of 18.56, a PEG ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The company had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.38 earnings per share. Equities research analysts predict that Philip Morris International Inc. will post 6.3 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 101.56%.

Insider Activity

In other news, insider Massimo Andolina sold 8,250 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the sale, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Massimo Andolina sold 8,250 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,250 shares of company stock valued at $3,339,528. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on PM shares. Stifel Nicolaus raised their target price on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. Finally, Argus reaffirmed 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 given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $105.50.

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.