Strs Ohio Has $97.95 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Strs Ohio reduced its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,041,168 shares of the company's stock after selling 32,300 shares during the period. Strs Ohio owned approximately 0.07% of Philip Morris International worth $97,953,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PM. Fairfield Bush & CO. boosted its position in shares of Philip Morris International by 1.1% in the 1st quarter. Fairfield Bush & CO. now owns 26,141 shares of the company's stock worth $2,456,000 after buying an additional 281 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Philip Morris International by 35.6% in the 1st quarter. American Century Companies Inc. now owns 4,939 shares of the company's stock worth $463,000 after buying an additional 1,296 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Philip Morris International by 24.7% in the 1st quarter. Loomis Sayles & Co. L P now owns 3,065 shares of the company's stock worth $288,000 after buying an additional 608 shares in the last quarter. Covestor Ltd boosted its position in shares of Philip Morris International by 54.9% in the 1st quarter. Covestor Ltd now owns 525 shares of the company's stock worth $49,000 after buying an additional 186 shares in the last quarter. Finally, Mather Group LLC. lifted its holdings in Philip Morris International by 14.7% in the 1st quarter. Mather Group LLC. now owns 8,987 shares of the company's stock valued at $844,000 after purchasing an additional 1,154 shares in the last quarter. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Werner Barth sold 5,000 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Werner Barth sold 5,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $91.46, for a total transaction of $457,300.00. Following the sale, the insider now owns 102,918 shares of the company's stock, valued at $9,412,880.28. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Massimo Andolina sold 8,250 shares of the business's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total value of $772,447.50. Following the transaction, the insider now owns 94,629 shares of the company's stock, valued at approximately $8,860,113.27. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,250 shares of company stock valued at $1,411,128. Company insiders own 0.13% of the company's stock.

Philip Morris International Stock Performance

Shares of PM stock traded down $0.58 on Friday, hitting $88.85. The stock had a trading volume of 5,517,312 shares, compared to its average volume of 6,638,078. The stock's 50 day moving average is $91.19 and its 200-day moving average is $92.08. The firm has a market capitalization of $138.12 billion, a price-to-earnings ratio of 17.70, a P/E/G ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $101.92.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by ($0.08). The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a negative return on equity of 116.29% and a net margin of 8.53%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.39 EPS. Equities analysts expect that Philip Morris International Inc. will post 6.37 earnings per share for the current year.

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a yield of 5.85%. Philip Morris International's payout ratio is 103.59%.

Analyst Ratings Changes

A number of research analysts have issued reports on PM shares. Argus restated a "hold" rating on shares of Philip Morris International in a report on Tuesday, March 5th. UBS Group lowered shares of Philip Morris International from a "buy" rating to a "sell" rating and reduced their target price for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Societe Generale upgraded shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 target price on the stock in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Philip Morris International has a consensus rating of "Hold" and an average target price of $105.40.

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.