Philip Morris International Inc. (NYSE:PM) Shares Sold by Duquesne Family Office LLC

Duquesne Family Office LLC lowered its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 15.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,352,255 shares of the company's stock after selling 254,580 shares during the quarter. Philip Morris International comprises approximately 4.4% of Duquesne Family Office LLC's investment portfolio, making the stock its 7th biggest holding. Duquesne Family Office LLC owned 0.09% of Philip Morris International worth $162,744,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Range Financial Group LLC grew its holdings in Philip Morris International by 504.9% during the fourth quarter. Range Financial Group LLC now owns 22,915 shares of the company's stock worth $2,758,000 after acquiring an additional 19,127 shares during the period. Park Avenue Securities LLC lifted its stake in Philip Morris International by 18.9% during the fourth quarter. Park Avenue Securities LLC now owns 100,826 shares of the company's stock valued at $12,134,000 after purchasing an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in Philip Morris International by 37.5% during the fourth quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company's stock worth $2,912,000 after buying an additional 6,605 shares in the last quarter. Ritholtz Wealth Management grew its position in Philip Morris International by 50.9% in the fourth quarter. Ritholtz Wealth Management now owns 53,884 shares of the company's stock worth $6,485,000 after buying an additional 18,183 shares during the last quarter. Finally, Czech National Bank boosted its stake in shares of Philip Morris International by 6.4% during the 4th quarter. Czech National Bank now owns 337,119 shares of the company's stock worth $40,572,000 after acquiring an additional 20,390 shares in the last quarter. Institutional investors own 78.63% of the company's stock.

Insider Activity

In other news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now directly owns 30,308 shares of the company's stock, valued at approximately $4,584,994.24. This represents a 7.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lars Dahlgren sold 3,679 shares of the business's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the transaction, the insider now directly owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock valued at $19,655,585 over the last 90 days. 0.13% of the stock is currently owned by company insiders.

Philip Morris International Stock Up 0.5 %

NYSE PM opened at $174.09 on Wednesday. The stock has a market capitalization of $270.98 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 12-month low of $97.18 and a 12-month high of $174.84. The company has a 50 day moving average price of $157.95 and a two-hundred day moving average price of $140.18.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.08. The business had revenue of $9.30 billion during the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 EPS. As a group, equities analysts anticipate that Philip Morris International Inc. will post 7.14 EPS for the current year.

Philip Morris International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.10%. Philip Morris International's dividend payout ratio (DPR) is presently 111.34%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PM. StockNews.com raised Philip Morris International from a "hold" rating to a "buy" rating in a report on Thursday, April 24th. Citigroup upped their price objective on shares of Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Barclays lifted their target price on shares of Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research report on Friday, May 2nd. Morgan Stanley restated an "overweight" rating and issued a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $166.33.

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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