Logan Capital Management Inc. Sells 1,502 Shares of Philip Morris International Inc. (NYSE:PM)

Logan Capital Management Inc. reduced its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,587 shares of the company's stock after selling 1,502 shares during the quarter. Logan Capital Management Inc.'s holdings in Philip Morris International were worth $15,596,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PM. Meridian Wealth Partners LLC raised its holdings in Philip Morris International by 4.1% during the 4th quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company's stock valued at $214,000 after acquiring an additional 70 shares during the period. NewSquare Capital LLC lifted its stake in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in shares of Philip Morris International by 2.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company's stock worth $437,000 after purchasing an additional 73 shares in the last quarter. Balboa Wealth Partners increased its position in shares of Philip Morris International by 2.0% during the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company's stock valued at $447,000 after purchasing an additional 74 shares during the last quarter. Finally, Cravens & Co Advisors LLC raised its holdings in shares of Philip Morris International by 0.7% during the 4th quarter. Cravens & Co Advisors LLC now owns 10,052 shares of the company's stock valued at $1,210,000 after buying an additional 74 shares in the last quarter. 78.63% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Barclays lifted their price objective on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a report on Friday, May 2nd. Citigroup raised their target price on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a "buy" rating in a report on Wednesday, April 16th. Morgan Stanley reissued an "overweight" rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Stifel Nicolaus boosted their price objective 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, Argus upgraded shares of Philip Morris International from a "hold" rating to a "buy" rating in a report on Friday, March 14th. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International presently has a consensus rating of "Moderate Buy" and a consensus price target of $166.33.

Philip Morris International Trading Down 1.4%

Shares of NYSE:PM opened at $169.61 on Monday. The stock has a 50 day moving average of $158.92 and a 200 day moving average of $141.18. The company has a market cap of $264.00 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 12-month low of $98.93 and a 12-month high of $176.49.

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

Philip Morris International Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's dividend payout ratio (DPR) is currently 111.34%.

Insider Buying and Selling at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This trade represents a 7.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Werner Barth sold 10,000 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now directly owns 106,244 shares in the company, valued at approximately $15,795,295.48. The trade was a 8.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,822 shares of company stock valued at $19,655,585. 0.13% of the stock is owned by insiders.

About Philip Morris International

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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