Fiducient Advisors LLC Sells 413 Shares of Philip Morris International Inc. (NYSE:PM)

Fiducient Advisors LLC trimmed its position in Philip Morris International Inc. (NYSE:PM) by 6.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,810 shares of the company’s stock after selling 413 shares during the period. Fiducient Advisors LLC’s holdings in Philip Morris International were worth $547,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of PM. Invesco Ltd. lifted its holdings in shares of Philip Morris International by 33.5% during the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock worth $1,587,542,000 after acquiring an additional 4,304,089 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Philip Morris International by 12.6% during the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after acquiring an additional 3,121,732 shares during the last quarter. Boston Partners lifted its holdings in shares of Philip Morris International by 38.5% during the 3rd quarter. Boston Partners now owns 4,940,922 shares of the company’s stock worth $456,368,000 after acquiring an additional 1,372,520 shares during the last quarter. London Co. of Virginia lifted its holdings in shares of Philip Morris International by 52.2% during the 3rd quarter. London Co. of Virginia now owns 3,110,353 shares of the company’s stock worth $287,956,000 after acquiring an additional 1,066,871 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of Philip Morris International by 24.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,841,714 shares of the company’s stock worth $448,246,000 after acquiring an additional 958,894 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Analyst Ratings Changes

PM has been the subject of a number of research analyst reports. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective for the company in a report on Tuesday, February 13th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Stifel Nicolaus lifted 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 report on Wednesday, April 24th. Finally, UBS Group cut shares of 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. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has an average rating of “Hold” and an average target price of $105.50.

Insider Activity at Philip Morris International

In related news, 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 transaction of $181,380.00. Following the sale, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Massimo Andolina sold 8,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock worth $3,339,528 over the last 90 days. 0.14% of the stock is owned by company insiders.

Philip Morris International Trading Down 0.7 %

Shares of PM stock traded down $0.66 during mid-day trading on Tuesday, reaching $94.94. The stock had a trading volume of 6,414,739 shares, compared to its average volume of 5,754,313. The stock’s 50-day moving average price is $92.12 and its two-hundred day moving average price is $92.22. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.79. The firm has a market capitalization of $147.59 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 2.01 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the company earned $1.38 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.3 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.48%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International’s dividend payout ratio is currently 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.