Teacher Retirement System of Texas Sells 89,575 Shares of Philip Morris International Inc. (NYSE:PM)

Teacher Retirement System of Texas lessened its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 21.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 336,907 shares of the company's stock after selling 89,575 shares during the quarter. Teacher Retirement System of Texas' holdings in Philip Morris International were worth $31,696,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kinsale Capital Group Inc. increased its position in shares of Philip Morris International by 35.5% during the 4th quarter. Kinsale Capital Group Inc. now owns 31,910 shares of the company's stock worth $3,002,000 after purchasing an additional 8,354 shares during the last quarter. Stoneridge Investment Partners LLC boosted its stake in shares of Philip Morris International by 77.0% during the 4th quarter. Stoneridge Investment Partners LLC now owns 35,558 shares of the company's stock worth $3,345,000 after acquiring an additional 15,469 shares during the period. VisionPoint Advisory Group LLC boosted its stake in shares of Philip Morris International by 79.0% during the 4th quarter. VisionPoint Advisory Group LLC now owns 50,916 shares of the company's stock worth $4,790,000 after acquiring an additional 22,467 shares during the period. Northwest Financial Advisors bought a new position in shares of Philip Morris International during the 4th quarter worth approximately $33,000. Finally, Baron Silver Stevens Financial Advisors LLC boosted its stake in shares of Philip Morris International by 5.9% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,498 shares of the company's stock worth $235,000 after acquiring an additional 140 shares during the period. Institutional investors and hedge funds own 78.63% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PM shares. Argus restated a "hold" rating on shares of Philip Morris International in a research note on Tuesday, March 5th. Stifel Nicolaus boosted their price target on Philip Morris International from $108.00 to $115.00 and gave the company a "buy" rating in a research note on Wednesday, April 24th. Societe Generale upgraded Philip Morris International from a "sell" rating to a "hold" rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. Finally, UBS Group downgraded Philip Morris International from a "buy" rating to a "sell" rating and cut their target price for the company from $105.00 to $86.50 in a research report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $105.50.

Philip Morris International Trading Up 0.2 %

PM traded up $0.20 on Friday, reaching $99.66. The stock had a trading volume of 4,149,342 shares, compared to its average volume of 6,472,799. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.70. The firm has a 50-day moving average of $93.30 and a 200-day moving average of $92.53. The company has a market capitalization of $154.93 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.12 and a beta of 0.60.

Philip Morris International (NYSE:PM - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (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 8.58%. The business had revenue of $8.79 billion during the quarter, compared to analysts' expectations of $8.44 billion. During the same quarter in the prior year, the firm earned $1.38 EPS. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. Sell-side analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Stockholders of record on Thursday, March 21st were paid a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $5.20 annualized dividend and a dividend yield of 5.22%. Philip Morris International's payout ratio is 101.56%.

Insider Activity

In other news, insider Massimo Andolina sold 8,250 shares of the stock in a transaction dated Friday, March 15th. The stock was 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 owns 94,629 shares of the company's stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Massimo Andolina sold 8,250 shares of the company's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the sale, the insider now owns 94,629 shares in the company, valued at approximately $8,860,113.27. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now owns 9,726 shares in the company, valued at approximately $882,050.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,250 shares of company stock valued at $3,339,528. Company insiders own 0.13% 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.