Foyston Gordon & Payne Inc Trims Holdings in Philip Morris International Inc. (NYSE:PM)

Foyston Gordon & Payne Inc decreased its stake in shares of Philip Morris International Inc. (NYSE:PM - Free Report) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,931 shares of the company's stock after selling 9,606 shares during the quarter. Philip Morris International comprises about 5.7% of Foyston Gordon & Payne Inc's portfolio, making the stock its 3rd biggest holding. Foyston Gordon & Payne Inc's holdings in Philip Morris International were worth $21,655,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. NewSquare Capital LLC boosted its stake in shares of Philip Morris International by 53.7% during the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after acquiring an additional 72 shares during the period. McClarren Financial Advisors Inc. bought a new stake in Philip Morris International in the 4th quarter valued at $33,000. Knuff & Co LLC bought a new stake in Philip Morris International in the 4th quarter valued at $36,000. Sierra Ocean LLC bought a new stake in Philip Morris International in the 4th quarter valued at $37,000. Finally, Transce3nd LLC bought a new stake in Philip Morris International in the 4th quarter valued at $41,000. Institutional investors and hedge funds own 78.63% of the company's stock.

Philip Morris International Stock Down 0.6%

Shares of NYSE:PM traded down $1.05 during trading on Tuesday, reaching $163.78. 5,934,465 shares of the company traded hands, compared to its average volume of 5,590,616. The company's 50 day moving average is $159.15 and its two-hundred day moving average is $141.42. The firm has a market capitalization of $254.93 billion, a PE ratio of 36.31, a PEG ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a 52 week low of $98.93 and a 52 week high of $176.49.

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

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Thursday, March 20th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Thursday, March 20th. Philip Morris International's payout ratio is 111.34%.

Analyst Ratings Changes

Several analysts recently issued reports on PM shares. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and boosted their price target for the company from $130.00 to $170.00 in a research note on Friday, April 25th. Stifel Nicolaus boosted their price target on Philip Morris International from $168.00 to $186.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. Citigroup boosted their price target on Philip Morris International from $163.00 to $180.00 and gave the company a "buy" rating in a research note on Wednesday, April 16th. Finally, Barclays boosted their price target on Philip Morris International from $175.00 to $205.00 and gave the company an "overweight" rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Philip Morris International has a consensus rating of "Moderate Buy" and an average target price of $166.33.

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Lars Dahlgren sold 3,679 shares of the 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 sale, the insider now directly owns 26,828 shares in the company, valued at approximately $4,103,610.88. This trade represents a 12.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the firm's stock in a transaction 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 transaction, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This trade represents a 7.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,822 shares of company stock valued at $19,655,585 in the last 90 days. Insiders own 0.13% of the company's stock.

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.