Pointe Capital Management LLC Sells 4,857 Shares of Philip Morris International Inc. (NYSE:PM)

Pointe Capital Management LLC decreased its holdings in Philip Morris International Inc. (NYSE:PM) by 52.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,410 shares of the company’s stock after selling 4,857 shares during the quarter. Pointe Capital Management LLC’s holdings in Philip Morris International were worth $415,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PM. TCG Advisory Services LLC increased its holdings in Philip Morris International by 17.7% in the 4th quarter. TCG Advisory Services LLC now owns 40,664 shares of the company’s stock valued at $3,826,000 after acquiring an additional 6,128 shares during the last quarter. Vestmark Advisory Solutions Inc. grew its position in shares of Philip Morris International by 104.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 32,068 shares of the company’s stock valued at $3,017,000 after purchasing an additional 16,397 shares in the last quarter. Royal Fund Management LLC lifted its position in shares of Philip Morris International by 6.7% in the fourth quarter. Royal Fund Management LLC now owns 10,039 shares of the company’s stock worth $945,000 after buying an additional 626 shares in the last quarter. AJOVista LLC purchased a new stake in shares of Philip Morris International in the fourth quarter worth about $137,000. Finally, VeraBank N.A. grew its holdings in Philip Morris International by 4.3% during the 4th quarter. VeraBank N.A. now owns 6,240 shares of the company’s stock valued at $587,000 after buying an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Analyst Ratings Changes

PM has been the topic of several recent research reports. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a report on Tuesday, February 13th. Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, UBS Group downgraded shares of Philip Morris International from a “buy” rating to a “sell” rating and reduced their target price for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $105.50.

Insiders Place Their Bets

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Werner Barth sold 5,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total value of $457,300.00. Following the sale, the insider now directly owns 102,918 shares in the company, valued at approximately $9,412,880.28. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock worth $3,339,528 in the last ninety days. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

NYSE PM traded up $0.09 during trading on Friday, hitting $97.40. The stock had a trading volume of 5,611,928 shares, compared to its average volume of 6,838,263. The stock has a market capitalization of $151.41 billion, a price-to-earnings ratio of 19.02, a P/E/G ratio of 2.07 and a beta of 0.60. The stock has a 50 day simple moving average of $92.47 and a 200 day simple moving average of $92.31. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.70.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. During the same quarter in the previous year, the business earned $1.38 EPS. Philip Morris International’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts predict that Philip Morris International Inc. will post 6.29 EPS for the current year.

Philip Morris International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.