Sei Investments Co. trimmed its position in Philip Morris International Inc. (NYSE:PM) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 619,060 shares of the company’s stock after selling 22,265 shares during the period. Sei Investments Co.’s holdings in Philip Morris International were worth $65,403,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the business. Hudock Capital Group LLC boosted its position in shares of Philip Morris International by 0.3% in the 2nd quarter. Hudock Capital Group LLC now owns 3,144 shares of the company’s stock worth $369,000 after buying an additional 8 shares in the last quarter. Jackson Grant Investment Advisers Inc. raised its stake in Philip Morris International by 0.3% in the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 3,368 shares of the company’s stock valued at $396,000 after purchasing an additional 10 shares during the last quarter. Vantage Investment Advisors LLC raised its stake in Philip Morris International by 1.0% in the 2nd quarter. Vantage Investment Advisors LLC now owns 1,033 shares of the company’s stock valued at $121,000 after purchasing an additional 10 shares during the last quarter. LGL Partners LLC raised its stake in Philip Morris International by 0.9% in the 2nd quarter. LGL Partners LLC now owns 1,821 shares of the company’s stock valued at $214,000 after purchasing an additional 17 shares during the last quarter. Finally, Newman Dignan & Sheerar Inc. raised its stake in Philip Morris International by 0.3% in the 2nd quarter. Newman Dignan & Sheerar Inc. now owns 5,943 shares of the company’s stock valued at $6,984,000 after purchasing an additional 17 shares during the last quarter. Institutional investors own 72.22% of the company’s stock.
Shares of Philip Morris International stock traded down $0.68 on Friday, hitting $101.02. 5,049,131 shares of the company’s stock traded hands, compared to its average volume of 5,176,511. The company has a current ratio of 1.35, a quick ratio of 0.80 and a debt-to-equity ratio of -3.06. The stock has a market cap of $157,963.48, a P/E ratio of 20.49, a price-to-earnings-growth ratio of 1.91 and a beta of 0.86. Philip Morris International Inc. has a 52-week low of $95.51 and a 52-week high of $123.55.
Philip Morris International (NYSE:PM) last issued its earnings results on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.04). Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. The company had revenue of $8.29 billion during the quarter, compared to analyst estimates of $8.17 billion. During the same period in the prior year, the business earned $1.10 earnings per share. Philip Morris International’s quarterly revenue was up 19.0% on a year-over-year basis. equities analysts predict that Philip Morris International Inc. will post 5.27 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd will be issued a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Wednesday, March 21st. Philip Morris International’s dividend payout ratio (DPR) is 86.82%.
In related news, insider Marc S. Firestone sold 13,650 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total value of $1,428,199.50. Following the completion of the transaction, the insider now owns 189,199 shares in the company, valued at approximately $19,795,891.37. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andre Calantzopoulos sold 49,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total value of $5,079,340.00. Following the completion of the transaction, the chief executive officer now owns 792,765 shares of the company’s stock, valued at approximately $82,178,019.90. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.
A number of research analysts have recently commented on PM shares. Zacks Investment Research downgraded shares of Philip Morris International from a “hold” rating to a “sell” rating in a research note on Monday, December 11th. Piper Jaffray reaffirmed an “overweight” rating and set a $137.00 price objective (up previously from $130.00) on shares of Philip Morris International in a research note on Thursday, January 11th. Citigroup decreased their target price on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating for the company in a report on Tuesday, January 16th. Jefferies Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a report on Friday, January 19th. Finally, Morgan Stanley boosted their target price on Philip Morris International from $120.00 to $123.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $123.77.
COPYRIGHT VIOLATION NOTICE: This piece was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this piece can be read at https://www.dispatchtribunal.com/2018/04/07/sei-investments-co-sells-22265-shares-of-philip-morris-international-inc-pm.html.
About Philip Morris International
Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.
Receive News & Ratings for Philip Morris International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Philip Morris International and related companies with MarketBeat.com's FREE daily email newsletter.