Mackenzie Financial Corp Decreases Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Mackenzie Financial Corp decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,803,685 shares of the company's stock after selling 93,570 shares during the quarter. Mackenzie Financial Corp owned about 0.18% of Philip Morris International worth $263,771,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PM. Morgan Stanley grew its holdings in Philip Morris International by 1.0% during the 4th quarter. Morgan Stanley now owns 43,512,330 shares of the company's stock worth $4,403,883,000 after acquiring an additional 411,358 shares in the last quarter. Wellington Management Group LLP raised its stake in Philip Morris International by 12.6% during the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company's stock valued at $2,575,742,000 after acquiring an additional 3,121,732 shares in the last quarter. Invesco Ltd. grew its position in Philip Morris International by 33.5% in the 3rd quarter. Invesco Ltd. now owns 17,147,790 shares of the company's stock valued at $1,587,542,000 after buying an additional 4,304,089 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Philip Morris International by 1.7% during the third quarter. Bank of New York Mellon Corp now owns 16,050,540 shares of the company's stock valued at $1,332,355,000 after acquiring an additional 260,832 shares during the period. Finally, Moneta Group Investment Advisors LLC increased its position in shares of Philip Morris International by 100,700.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,640,144 shares of the company's stock valued at $1,582,939,000 after purchasing an additional 15,624,628 shares during the period. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Stock Performance

PM traded down $0.25 on Monday, hitting $88.60. 7,772,908 shares of the company were exchanged, compared to its average volume of 5,517,077. The company has a market cap of $137.73 billion, a PE ratio of 17.70, a PEG ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a 12 month low of $87.23 and a 12 month high of $101.92. The stock's fifty day moving average is $91.19 and its 200-day moving average is $92.08.

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

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.87%. Philip Morris International's dividend payout ratio (DPR) is presently 103.59%.

Insider Transactions at Philip Morris International

In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares of the company's stock, valued at approximately $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Werner Barth sold 5,000 shares of the firm's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $91.46, for a total value of $457,300.00. Following the completion of 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 document filed with the SEC, which is accessible through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,250 shares of company stock worth $1,411,128. Company insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PM. Societe Generale raised shares of Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 price target on the stock in a research report on Tuesday, February 13th. UBS Group downgraded 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 research note on Tuesday, January 23rd. Finally, Argus restated a "hold" rating on shares of Philip Morris International in a research report on Tuesday, March 5th. One investment 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.com, the company has a consensus rating of "Hold" and a consensus price target of $105.40.

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.