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

Bryn Mawr Capital Management LLC reduced its position in Philip Morris International Inc. (NYSE:PM) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,475 shares of the company’s stock after selling 511 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Philip Morris International were worth $4,029,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in PM. FMR LLC lifted its position in Philip Morris International by 40.9% in the 3rd quarter. FMR LLC now owns 23,168,446 shares of the company’s stock worth $2,812,649,000 after buying an additional 6,721,094 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Philip Morris International by 57.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 9,241,612 shares of the company’s stock worth $1,121,932,000 after acquiring an additional 3,363,454 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Philip Morris International by 21.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,070,482 shares of the company’s stock worth $1,934,083,000 after acquiring an additional 2,785,987 shares in the last quarter. National Bank of Canada FI boosted its position in Philip Morris International by 161.6% during the third quarter. National Bank of Canada FI now owns 1,943,460 shares of the company’s stock valued at $235,936,000 after purchasing an additional 1,200,636 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Philip Morris International by 14,611.4% in the third quarter. Los Angeles Capital Management LLC now owns 1,173,531 shares of the company’s stock valued at $142,467,000 after purchasing an additional 1,165,554 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on PM. Morgan Stanley began coverage on Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. Barclays reduced their target price on shares of Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus raised their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, UBS Group raised their target price on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.22.

Insiders Place Their Bets

In other news, SVP Yann Guerin sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total value of $749,400.00. Following the completion of the transaction, the vice president now directly owns 20,799 shares of the company’s stock, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 128,143 shares of company stock worth $19,092,846 in the last ninety days. Insiders own 0.14% of the company’s stock.

Philip Morris International Stock Performance

Philip Morris International stock opened at $157.34 on Wednesday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $158.23. The firm has a market capitalization of $244.64 billion, a PE ratio of 34.89, a PEG ratio of 2.65 and a beta of 0.55. The business’s 50-day simple moving average is $131.04 and its 200-day simple moving average is $127.10.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Research analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 13th. Shareholders of record on Thursday, December 26th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend was Thursday, December 26th. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

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.