Philip Morris International Inc. (NYSE:PM) Position Decreased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its holdings in Philip Morris International Inc. (NYSE:PM) by 0.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 223,187 shares of the company’s stock after selling 238 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Philip Morris International were worth $26,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ascent Capital Management LLC purchased a new stake in shares of Philip Morris International during the fourth quarter valued at $327,000. one8zero8 LLC acquired a new stake in Philip Morris International during the 4th quarter worth about $3,133,000. Choate Investment Advisors lifted its stake in Philip Morris International by 122.2% during the fourth quarter. Choate Investment Advisors now owns 8,214 shares of the company’s stock valued at $989,000 after buying an additional 4,517 shares in the last quarter. Natixis Advisors LLC boosted its holdings in shares of Philip Morris International by 3.0% in the fourth quarter. Natixis Advisors LLC now owns 1,044,468 shares of the company’s stock worth $125,702,000 after buying an additional 30,016 shares during the period. Finally, Frank Rimerman Advisors LLC increased its position in shares of Philip Morris International by 0.3% in the fourth quarter. Frank Rimerman Advisors LLC now owns 30,741 shares of the company’s stock worth $3,700,000 after acquiring an additional 85 shares in the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Price Performance

Shares of PM stock opened at $151.95 on Friday. Philip Morris International Inc. has a fifty-two week low of $87.82 and a fifty-two week high of $159.51. The stock’s 50-day moving average is $139.10 and its two-hundred day moving average is $130.14. The firm has a market cap of $236.26 billion, a P/E ratio of 33.69, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 6th. The company reported $1.55 EPS for the quarter, topping analysts’ consensus estimates 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%. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s payout ratio is presently 119.73%.

Insider Buying and Selling

In related 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 value of $378,200.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Lars Dahlgren sold 3,679 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $152.96, for a total value of $562,739.84. Following the transaction, the insider now owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 131,822 shares of company stock worth $19,655,585. Corporate insiders own 0.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PM shares. Morgan Stanley assumed coverage on shares of Philip Morris International in a research report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target for the company. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday. JPMorgan Chase & Co. increased their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, StockNews.com lowered Philip Morris International from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Philip Morris International currently has a consensus rating of “Moderate Buy” and an average target price of $144.56.

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.