Philip Morris International Inc. (PM) Position Reduced by Greenline Partners LLC

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Greenline Partners LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 50.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,728 shares of the company’s stock after selling 10,047 shares during the period. Greenline Partners LLC’s holdings in Philip Morris International were worth $967,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PM. Ledyard National Bank grew its holdings in Philip Morris International by 2.3% in the 4th quarter. Ledyard National Bank now owns 20,224 shares of the company’s stock valued at $2,137,000 after buying an additional 464 shares in the last quarter. DF Dent & Co. Inc. lifted its position in shares of Philip Morris International by 14.0% during the 4th quarter. DF Dent & Co. Inc. now owns 4,027 shares of the company’s stock valued at $425,000 after acquiring an additional 494 shares during the period. Maryland Capital Management lifted its position in shares of Philip Morris International by 1.7% during the 4th quarter. Maryland Capital Management now owns 29,249 shares of the company’s stock valued at $3,090,000 after acquiring an additional 499 shares during the period. Altrinsic Global Advisors LLC lifted its position in shares of Philip Morris International by 6.3% during the 4th quarter. Altrinsic Global Advisors LLC now owns 8,426 shares of the company’s stock worth $890,000 after buying an additional 501 shares during the last quarter. Finally, Fairfield Bush & CO. lifted its position in shares of Philip Morris International by 1.0% during the 4th quarter. Fairfield Bush & CO. now owns 53,498 shares of the company’s stock worth $5,652,000 after buying an additional 553 shares during the last quarter. 72.27% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Jennifer Li purchased 40,000 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was bought at an average price of $81.30 per share, with a total value of $3,252,000.00. Following the completion of the purchase, the director now owns 47,323 shares in the company, valued at approximately $3,847,359.90. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jerry Whitson purchased 3,000 shares of the firm’s stock in a transaction dated Wednesday, April 25th. The stock was bought at an average cost of $82.76 per share, with a total value of $248,280.00. The disclosure for this purchase can be found here. In the last three months, insiders bought 49,000 shares of company stock valued at $3,989,640. Insiders own 0.22% of the company’s stock.

PM has been the subject of several recent analyst reports. Zacks Investment Research downgraded Philip Morris International from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Bank of America downgraded Philip Morris International from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $113.00 to $88.00 in a research report on Friday, April 20th. Stifel Nicolaus dropped their price objective on Philip Morris International from $125.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, April 20th. Deutsche Bank initiated coverage on Philip Morris International in a research report on Tuesday, April 10th. They set a “buy” rating and a $120.00 price objective for the company. Finally, Cowen restated a “buy” rating and set a $105.00 price objective on shares of Philip Morris International in a research report on Friday, April 20th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Philip Morris International currently has a consensus rating of “Hold” and a consensus target price of $117.67.

Philip Morris International stock traded down $0.92 during trading hours on Friday, hitting $80.74. The stock had a trading volume of 4,668,855 shares, compared to its average volume of 7,141,729. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of -2.82. The company has a market capitalization of $124.20 billion, a PE ratio of 16.38, a P/E/G ratio of 1.59 and a beta of 0.88. Philip Morris International Inc. has a one year low of $76.21 and a one year high of $121.69.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, April 19th. The company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.88 by $0.12. The firm had revenue of $6.90 billion during the quarter, compared to the consensus estimate of $7.03 billion. Philip Morris International had a negative return on equity of 72.40% and a net margin of 7.50%. The business’s quarterly revenue was up 13.7% on a year-over-year basis. During the same period last year, the company earned $0.98 earnings per share. analysts predict that Philip Morris International Inc. will post 5.16 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 11th. Stockholders of record on Friday, June 22nd will be paid a $1.14 dividend. This is a boost from Philip Morris International’s previous quarterly dividend of $1.07. The ex-dividend date of this dividend is Thursday, June 21st. This represents a $4.56 annualized dividend and a dividend yield of 5.65%. Philip Morris International’s dividend payout ratio is presently 92.49%.

Philip Morris International Profile

Philip Morris International Inc, through its subsidiaries, manufactures and sells cigarettes, other tobacco products, and other nicotine-containing products. Its portfolio of brands comprises Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, Philip Morris, Merit, Virginia S., Muratti, and Next.

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

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