Philip Morris International Inc. (NYSE:PM) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 329,259 shares of the company's stock after selling 21,273 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Philip Morris International were worth $30,977,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Studio Investment Management LLC increased its position in shares of Philip Morris International by 33.8% during the fourth quarter. Studio Investment Management LLC now owns 428 shares of the company's stock valued at $43,000 after buying an additional 108 shares during the period. PFG Investments LLC increased its position in shares of Philip Morris International by 1.9% during the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company's stock valued at $560,000 after buying an additional 109 shares during the period. Townsend Asset Management Corp NC ADV increased its position in shares of Philip Morris International by 3.8% during the third quarter. Townsend Asset Management Corp NC ADV now owns 2,993 shares of the company's stock valued at $277,000 after buying an additional 110 shares during the period. CGC Financial Services LLC grew its holdings in Philip Morris International by 8.2% in the fourth quarter. CGC Financial Services LLC now owns 1,453 shares of the company's stock worth $137,000 after purchasing an additional 110 shares during the period. Finally, Corrigan Financial Inc. grew its holdings in Philip Morris International by 2.5% in the second quarter. Corrigan Financial Inc. now owns 4,602 shares of the company's stock worth $449,000 after purchasing an additional 112 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Philip Morris International Stock Performance

Shares of PM traded up $0.84 on Monday, hitting $90.32. 5,301,052 shares of the stock traded hands, compared to its average volume of 5,422,937. The company has a market capitalization of $140.41 billion, a PE ratio of 17.82, a P/E/G ratio of 2.02 and a beta of 0.61. The business has a 50 day simple moving average of $91.41 and a 200 day simple moving average of $92.20. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $101.92.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.44 by ($0.08). Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The company had revenue of $9.05 billion during the quarter, compared to analysts' expectations of $8.99 billion. During the same quarter in the prior year, the business posted $1.39 EPS. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, equities analysts expect that Philip Morris International Inc. will post 6.39 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.76%. The ex-dividend date of this dividend is Wednesday, March 20th. Philip Morris International's dividend payout ratio is presently 103.59%.

Analysts Set New Price Targets

A number of brokerages have weighed in on PM. Societe Generale upgraded shares of 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. Argus restated a "hold" rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, UBS Group cut shares of Philip Morris International from a "buy" rating to a "sell" rating and cut their price objective for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $105.40.

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on 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 owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on 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 owns 9,726 shares in the company, valued at approximately $882,050.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now 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 15,250 shares of company stock worth $1,411,128 in the last 90 days. 0.14% of the stock is currently owned by insiders.

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.