King Luther Capital Management Corp Has $5.03 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

King Luther Capital Management Corp lowered its stake in Philip Morris International Inc. (NYSE:PM) by 5.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 41,817 shares of the company’s stock after selling 2,457 shares during the period. King Luther Capital Management Corp’s holdings in Philip Morris International were worth $5,033,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. NewSquare Capital LLC boosted its holdings in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock valued at $25,000 after purchasing an additional 72 shares during the period. Valley Wealth Managers Inc. boosted its holdings in Philip Morris International by 457.5% in the 3rd quarter. Valley Wealth Managers Inc. now owns 223 shares of the company’s stock valued at $27,000 after purchasing an additional 183 shares during the period. Dunhill Financial LLC boosted its holdings in Philip Morris International by 203.8% in the 3rd quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock valued at $29,000 after purchasing an additional 161 shares during the period. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the 4th quarter valued at about $33,000. Finally, Sierra Ocean LLC bought a new stake in Philip Morris International in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 78.63% of the company’s stock.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The shares were 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 in the company, valued at approximately $3,117,354.12. This represents a 19.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Emmanuel Babeau sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $148.85, for a total transaction of $4,465,500.00. Following the completion of the transaction, the chief financial officer now owns 139,105 shares of the company’s stock, valued at approximately $20,705,779.25. This trade represents a 17.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Price Performance

PM stock opened at $151.23 on Thursday. The company has a 50 day simple moving average of $137.92 and a 200 day simple moving average of $129.73. The stock has a market cap of $235.14 billion, a price-to-earnings ratio of 33.53, a P/E/G ratio of 2.65 and a beta of 0.53. Philip Morris International Inc. has a 1 year low of $87.82 and a 1 year high of $159.51.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, equities research analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 119.73%.

Wall Street Analyst Weigh In

PM has been the subject of a number of recent analyst reports. Morgan Stanley initiated coverage on shares of Philip Morris International in a report on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target for the company. StockNews.com downgraded shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. UBS Group upped their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. Stifel Nicolaus upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $144.56.

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.