RWC Asset Management LLP Trims Position in Philip Morris International Inc. (NYSE:PM)

RWC Asset Management LLP trimmed its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 263,224 shares of the company's stock after selling 15,581 shares during the quarter. Philip Morris International comprises 1.5% of RWC Asset Management LLP's holdings, making the stock its 23rd largest position. RWC Asset Management LLP's holdings in Philip Morris International were worth $24,764,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Aaron Wealth Advisors LLC grew its holdings in Philip Morris International by 10.8% in the third quarter. Aaron Wealth Advisors LLC now owns 3,463 shares of the company's stock valued at $321,000 after purchasing an additional 337 shares during the period. Ballentine Partners LLC grew its holdings in Philip Morris International by 86.1% in the third quarter. Ballentine Partners LLC now owns 11,474 shares of the company's stock valued at $1,062,000 after purchasing an additional 5,309 shares during the period. Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in Philip Morris International by 8.6% in the third quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 41,842 shares of the company's stock valued at $3,874,000 after purchasing an additional 3,310 shares during the period. Investment Research & Advisory Group Inc. grew its holdings in Philip Morris International by 0.7% in the third quarter. Investment Research & Advisory Group Inc. now owns 19,801 shares of the company's stock valued at $1,833,000 after purchasing an additional 147 shares during the period. Finally, Ropes Wealth Advisors LLC grew its holdings in Philip Morris International by 30.2% in the third quarter. Ropes Wealth Advisors LLC now owns 6,089 shares of the company's stock valued at $564,000 after purchasing an additional 1,412 shares during the period. 78.63% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total value of $1,928,400.00. Following the completion of the sale, the insider now directly owns 178,447 shares of the company's stock, valued at $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the completion of the sale, the insider now directly owns 94,629 shares of the company's stock, valued at $8,860,113.27. The disclosure for this sale can be found here. Insiders have sold 35,250 shares of company stock worth $3,339,528 over the last quarter. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on PM. UBS Group lowered Philip Morris International from a "buy" rating to a "sell" rating and dropped their price objective for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Stifel Nicolaus raised their target price on Philip Morris International from $108.00 to $115.00 and gave the company a "buy" rating in a research report on Wednesday. Argus restated a "hold" rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Societe Generale upgraded Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 target price on the stock in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $105.50.

Philip Morris International Price Performance

Philip Morris International stock traded down $1.07 during trading on Friday, reaching $95.02. 5,391,012 shares of the company were exchanged, compared to its average volume of 6,541,754. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $100.79. The company has a market capitalization of $147.71 billion, a P/E ratio of 18.56, a PEG ratio of 2.03 and a beta of 0.61. The stock's 50 day simple moving average is $91.90 and its two-hundred day simple moving average is $92.18.

Philip Morris International (NYSE:PM - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. During the same quarter last year, the business posted $1.38 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts forecast that Philip Morris International Inc. will post 6.3 earnings per share for the current year.

Philip Morris International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.47%. Philip Morris International's dividend payout ratio is currently 101.56%.

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.