Philip Morris International Inc. (NYSE:PM) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its position in shares of Philip Morris International Inc. (NYSE:PM) by 18.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,787 shares of the company’s stock after selling 11,355 shares during the period. Quantbot Technologies LP’s holdings in Philip Morris International were worth $4,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of Nova Scotia raised its stake in shares of Philip Morris International by 283.5% in the fourth quarter. Bank of Nova Scotia now owns 1,186,082 shares of the company’s stock valued at $111,583,000 after acquiring an additional 876,790 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its holdings in Philip Morris International by 2.3% in the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 603,442 shares of the company’s stock valued at $56,772,000 after acquiring an additional 13,416 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in Philip Morris International in the first quarter worth approximately $5,634,000. Gilliland Jeter Wealth Management LLC acquired a new position in Philip Morris International during the 4th quarter worth approximately $1,251,000. Finally, Nebula Research & Development LLC purchased a new stake in shares of Philip Morris International in the 4th quarter valued at approximately $857,000. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of PM stock traded up $0.95 during trading hours on Friday, hitting $105.95. The stock had a trading volume of 3,519,186 shares, compared to its average volume of 5,379,059. The firm has a market capitalization of $164.71 billion, a PE ratio of 20.51, a PEG ratio of 2.11 and a beta of 0.58. The stock’s 50 day moving average is $101.16 and its 200 day moving average is $95.45. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $106.63.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The firm had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. Philip Morris International’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.38 EPS. As a group, equities analysts predict that Philip Morris International Inc. will post 6.32 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, July 8th. Investors of record on Friday, June 21st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 4.91%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

Insider Buying and Selling at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus increased their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of “Hold” and an average target price of $104.22.

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.