Philip Morris International Inc. (NYSE:PM) Shares Sold by Gotham Asset Management LLC

Gotham Asset Management LLC trimmed its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 113,586 shares of the company's stock after selling 5,185 shares during the quarter. Gotham Asset Management LLC's holdings in Philip Morris International were worth $13,670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. NewSquare Capital LLC lifted its stake in shares of Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock valued at $25,000 after purchasing an additional 72 shares during the period. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International during the 4th quarter valued at about $33,000. Knuff & Co LLC purchased a new position in Philip Morris International in the fourth quarter worth about $36,000. Sierra Ocean LLC bought a new position in shares of Philip Morris International in the fourth quarter worth approximately $37,000. Finally, Transce3nd LLC bought a new stake in shares of Philip Morris International during the fourth quarter valued at approximately $41,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of Philip Morris International stock traded down $0.53 during trading hours on Tuesday, reaching $164.30. The company's stock had a trading volume of 597,783 shares, compared to its average volume of 5,570,267. The firm has a 50 day moving average price of $159.15 and a 200-day moving average price of $141.42. The stock has a market cap of $255.73 billion, a P/E ratio of 36.47, a P/E/G ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $176.49.

Philip Morris International (NYSE:PM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, topping analysts' consensus estimates of $1.61 by $0.08. The business had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. The business's revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. As a group, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Thursday, March 20th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio is currently 111.34%.

Analyst Ratings Changes

A number of analysts have commented on the company. Argus raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up from $156.00) on shares of Philip Morris International in a report on Thursday, April 24th. Barclays raised their target price on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Stifel Nicolaus upped their price target on shares of Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, UBS Group raised shares of Philip Morris International from a "sell" rating to a "neutral" rating and raised their price objective for the stock from $130.00 to $170.00 in a report on Friday, April 25th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International currently has a consensus rating of "Moderate Buy" and a consensus price target of $166.33.

Insider Transactions at Philip Morris International

In other news, CEO Jacek Olczak sold 40,000 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $148.87, for a total transaction of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares in the company, valued at $81,495,308.62. This represents a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now directly owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 in the last 90 days. Insiders own 0.13% of the company's stock.

Philip Morris International Company 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.