Philip Morris International Inc. (PM) Position Lowered by KCM Investment Advisors LLC

KCM Investment Advisors LLC lessened its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 10.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,958 shares of the company’s stock after selling 2,541 shares during the quarter. KCM Investment Advisors LLC’s holdings in Philip Morris International were worth $2,214,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. South State Corp raised its holdings in Philip Morris International by 0.4% in the second quarter. South State Corp now owns 15,076 shares of the company’s stock worth $1,771,000 after purchasing an additional 57 shares in the last quarter. Capital Wealth Planning LLC raised its holdings in Philip Morris International by 70.3% in the second quarter. Capital Wealth Planning LLC now owns 17,140 shares of the company’s stock worth $2,013,000 after purchasing an additional 7,077 shares in the last quarter. Empirical Finance LLC bought a new position in Philip Morris International in the second quarter worth $304,000. CWA Asset Management Group LLC raised its holdings in Philip Morris International by 9.4% in the second quarter. CWA Asset Management Group LLC now owns 26,629 shares of the company’s stock worth $3,128,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in Philip Morris International by 6.0% in the second quarter. Teachers Advisors LLC now owns 3,803,693 shares of the company’s stock worth $446,744,000 after purchasing an additional 215,234 shares in the last quarter. Institutional investors own 72.18% of the company’s stock.

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Shares of NYSE:PM opened at $102.95 on Tuesday. Philip Morris International Inc. has a 1-year low of $95.51 and a 1-year high of $123.55. The company has a quick ratio of 0.80, a current ratio of 1.35 and a debt-to-equity ratio of -3.06. The firm has a market cap of $158,196.47, a PE ratio of 20.88, a P/E/G ratio of 1.90 and a beta of 0.86.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.35 by ($0.04). Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The company had revenue of $8.29 billion for the quarter, compared to the consensus estimate of $8.17 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. Philip Morris International’s revenue was up 19.0% compared to the same quarter last year. sell-side analysts predict that Philip Morris International Inc. will post 5.28 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Investors of record on Thursday, March 22nd were given a dividend of $1.07 per share. The ex-dividend date was Wednesday, March 21st. This represents a $4.28 annualized dividend and a dividend yield of 4.16%. Philip Morris International’s dividend payout ratio (DPR) is presently 86.82%.

In related news, CEO Andre Calantzopoulos sold 49,000 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $103.66, for a total transaction of $5,079,340.00. Following the sale, the chief executive officer now directly owns 792,765 shares of the company’s stock, valued at $82,178,019.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc S. Firestone sold 13,650 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $104.63, for a total value of $1,428,199.50. Following the sale, the insider now directly owns 189,199 shares in the company, valued at $19,795,891.37. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

PM has been the subject of a number of research reports. Citigroup upgraded Philip Morris International from a “neutral” rating to a “buy” rating and set a $125.00 price objective for the company in a report on Wednesday, February 28th. They noted that the move was a valuation call. Morgan Stanley increased their price objective on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Bank of America decreased their price objective on Philip Morris International from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Friday, February 9th. Piper Jaffray reiterated a “buy” rating and issued a $126.00 price objective on shares of Philip Morris International in a report on Thursday, February 8th. Finally, Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $123.50.

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Philip Morris International Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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