Newbridge Financial Services Group Inc. Sells 283 Shares of Philip Morris International Inc. (NYSE:PM)

Newbridge Financial Services Group Inc. decreased its stake in Philip Morris International Inc. (NYSE:PMFree Report) by 16.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,406 shares of the company’s stock after selling 283 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Philip Morris International were worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in Philip Morris International by 9.1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after acquiring an additional 4,869,272 shares during the period. Wellington Management Group LLP lifted its holdings in Philip Morris International by 12.6% during the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after acquiring an additional 3,121,732 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Philip Morris International by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after acquiring an additional 125,919 shares during the period. Northern Trust Corp lifted its holdings in Philip Morris International by 0.6% during the fourth quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock worth $1,234,963,000 after acquiring an additional 77,820 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Philip Morris International by 25.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after acquiring an additional 2,123,311 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Upgrades and Downgrades

PM has been the subject of several recent research reports. Stifel Nicolaus lifted their price target on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $105.50.

View Our Latest Research Report on PM

Philip Morris International Price Performance

Shares of NYSE:PM traded down $0.91 during midday trading on Tuesday, hitting $101.14. The company had a trading volume of 1,429,133 shares, compared to its average volume of 5,413,313. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The company has a market cap of $157.23 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 2.10 and a beta of 0.57. The company has a fifty day moving average of $98.09 and a two-hundred day moving average of $94.39.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the prior year, the business posted $1.38 EPS. Philip Morris International’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be paid a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.14%. Philip Morris International’s payout ratio is presently 101.56%.

Insiders Place Their Bets

In other news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Philip Morris International Profile

(Free Report)

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.

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

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