Philip Morris International Inc. (PM) Holdings Decreased by Adalta Capital Management LLC

Adalta Capital Management LLC lowered its holdings in Philip Morris International Inc. (NYSE:PM) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,599 shares of the company’s stock after selling 2,060 shares during the period. Philip Morris International makes up 1.3% of Adalta Capital Management LLC’s investment portfolio, making the stock its 27th largest position. Adalta Capital Management LLC’s holdings in Philip Morris International were worth $1,664,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Doliver Capital Advisors LP raised its holdings in shares of Philip Morris International by 8.1% during the 3rd quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock valued at $3,303,000 after buying an additional 2,242 shares in the last quarter. WFG Advisors LP grew its position in Philip Morris International by 30.1% during the 2nd quarter. WFG Advisors LP now owns 12,753 shares of the company’s stock worth $1,498,000 after acquiring an additional 2,951 shares during the last quarter. Swiss National Bank grew its position in Philip Morris International by 1.0% during the 3rd quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock worth $661,401,000 after acquiring an additional 58,900 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Philip Morris International by 25.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 4,202,010 shares of the company’s stock worth $466,465,000 after acquiring an additional 848,700 shares during the last quarter. Finally, Fundsmith LLP grew its position in Philip Morris International by 1.5% during the 2nd quarter. Fundsmith LLP now owns 5,240,912 shares of the company’s stock worth $615,545,000 after acquiring an additional 79,106 shares during the last quarter. 72.22% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of PM stock opened at $101.02 on Monday. The company has a market capitalization of $156,907.28, a PE ratio of 20.49, a price-to-earnings-growth ratio of 1.90 and a beta of 0.86. Philip Morris International Inc. has a fifty-two week low of $95.51 and a fifty-two week high of $123.55. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.80 and a current ratio of 1.35.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). The business had revenue of $8.29 billion during the quarter, compared to the consensus estimate of $8.17 billion. Philip Morris International had a negative return on equity of 71.99% and a net margin of 7.73%. Philip Morris International’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 earnings per share. research analysts forecast that Philip Morris International Inc. will post 5.27 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd will be given a $1.07 dividend. The ex-dividend date of this dividend is Wednesday, March 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.24%. Philip Morris International’s dividend payout ratio is currently 86.82%.

In related news, insider Marc S. Firestone sold 13,650 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the sale, the insider now directly owns 189,199 shares in the company, valued at $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 Philip Morris International stock in a transaction that occurred 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 sale, the chief executive officer now owns 792,765 shares in the company, valued at $82,178,019.90. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the company. Piper Jaffray restated an “overweight” rating and set a $137.00 price target (up from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. TheStreet lowered Philip Morris International from a “b-” rating to a “c+” rating in a research report on Tuesday, March 20th. Citigroup reduced their price target on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Jefferies Group upgraded Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, January 19th. Finally, Zacks Investment Research upgraded Philip Morris International from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $123.77.

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Philip Morris International Company Profile

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.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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