Philip Morris International Inc. (NYSE:PM) Shares Sold by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC trimmed its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 46.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,768 shares of the company's stock after selling 8,375 shares during the quarter. Mach 1 Financial Group LLC's holdings in Philip Morris International were worth $919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Headlands Technologies LLC purchased a new position in shares of Philip Morris International in the 3rd quarter valued at $27,000. Tennessee Valley Asset Management Partners purchased a new position in shares of Philip Morris International in the 4th quarter valued at $33,000. Legacy Financial Group LLC purchased a new position in shares of Philip Morris International in the 3rd quarter valued at $37,000. Wetzel Investment Advisors Inc. purchased a new position in shares of Philip Morris International in the 4th quarter valued at $39,000. Finally, McClarren Financial Advisors Inc. grew its position in Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company's stock worth $43,000 after purchasing an additional 278 shares during the last quarter. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PM has been the topic of several analyst reports. Societe Generale raised 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. UBS Group downgraded 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. Argus reissued a "hold" rating on shares of Philip Morris International in a report on Tuesday, March 5th. Finally, Stifel Nicolaus upped their target price on Philip Morris International from $108.00 to $115.00 and gave the company a "buy" rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Philip Morris International has a consensus rating of "Hold" and a consensus price target of $105.50.

Philip Morris International Stock Down 0.7 %

Shares of NYSE PM traded down $0.66 during midday trading on Tuesday, hitting $94.94. The stock had a trading volume of 6,414,739 shares, compared to its average volume of 5,754,313. The company has a market capitalization of $147.59 billion, a price-to-earnings ratio of 18.54, a PEG ratio of 2.01 and a beta of 0.61. Philip Morris International Inc. has a 1-year low of $87.23 and a 1-year high of $100.79. The company has a fifty day moving average price of $92.12 and a 200 day moving average price of $92.22.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. Philip Morris International's revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.38 EPS. On average, research analysts forecast that Philip Morris International Inc. will post 6.3 EPS 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 given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.48%. The ex-dividend date of this dividend was Wednesday, March 20th. Philip Morris International's payout ratio is 101.56%.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, 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 of the company's stock, valued at approximately $882,050.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, VP Reginaldo Dobrowolski sold 2,000 shares of the business'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 completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wilde Frederic De sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, April 25th. The shares were 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 owns 178,447 shares of the company's stock, valued at $17,205,859.74. The disclosure for this sale can be found here. Insiders have sold a total of 35,250 shares of company stock valued at $3,339,528 in the last three months. Corporate insiders own 0.14% of the company's stock.

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.

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