Philip Morris International Inc. (NYSE:PM) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P trimmed its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 16.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,579 shares of the company’s stock after selling 315 shares during the quarter. Loomis Sayles & Co. L P’s holdings in Philip Morris International were worth $190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC increased its stake in Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after buying an additional 72 shares in the last quarter. Dunhill Financial LLC increased its position in shares of Philip Morris International by 203.8% during the third quarter. Dunhill Financial LLC now owns 240 shares of the company’s stock worth $29,000 after purchasing an additional 161 shares in the last quarter. McClarren Financial Advisors Inc. purchased a new stake in shares of Philip Morris International during the fourth quarter worth approximately $33,000. Knuff & Co LLC acquired a new position in Philip Morris International in the 4th quarter valued at $36,000. Finally, Sierra Ocean LLC purchased a new position in Philip Morris International in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. UBS Group increased their price objective on shares of Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a report on Friday, February 7th. Barclays boosted their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. StockNews.com cut Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Morgan Stanley started coverage on Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Insider Buying and Selling at Philip Morris International

In related news, insider Lars Dahlgren sold 3,679 shares of Philip Morris International stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total value of $562,739.84. Following the completion of the transaction, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $149.88, for a total transaction of $749,400.00. Following the sale, the vice president now owns 20,799 shares in the company, valued at $3,117,354.12. The trade was a 19.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 over the last quarter. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Up 0.1 %

NYSE:PM opened at $155.17 on Monday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The stock’s fifty day moving average is $145.83 and its two-hundred day moving average is $132.19. The company has a market capitalization of $241.27 billion, a P/E ratio of 34.41, a P/E/G ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last posted its earnings results on Thursday, February 6th. The company reported $1.55 EPS for the quarter, beating 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%. Sell-side analysts anticipate that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.48%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

About Philip Morris International

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.