Pathstone Holdings LLC Trims Holdings in Philip Morris International Inc. (NYSE:PM)

Pathstone Holdings LLC trimmed its position in Philip Morris International Inc. (NYSE:PM - Free Report) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,739 shares of the company's stock after selling 3,385 shares during the quarter. Pathstone Holdings LLC's holdings in Philip Morris International were worth $29,724,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PM. NewSquare Capital LLC boosted its stake in Philip Morris International by 53.7% in the 4th quarter. NewSquare Capital LLC now owns 206 shares of the company's stock worth $25,000 after purchasing an additional 72 shares during the period. McClarren Financial Advisors Inc. bought a new position in Philip Morris International in the 4th quarter worth approximately $33,000. Knuff & Co LLC bought a new position in Philip Morris International in the 4th quarter worth approximately $36,000. Sierra Ocean LLC bought a new position in Philip Morris International in the 4th quarter worth approximately $37,000. Finally, Transce3nd LLC bought a new position in Philip Morris International in the 4th quarter worth approximately $41,000. 78.63% of the stock is owned by hedge funds and other institutional investors.

Philip Morris International Price Performance

Shares of NYSE PM traded up $1.24 during midday trading on Friday, reaching $170.38. 3,802,405 shares of the stock traded hands, compared to its average volume of 5,608,683. The stock has a market capitalization of $265.20 billion, a PE ratio of 37.78, a P/E/G ratio of 2.65 and a beta of 0.50. Philip Morris International Inc. has a one year low of $98.93 and a one year high of $176.49. The company's 50 day moving average is $159.99 and its 200 day moving average is $141.99.

Philip Morris International (NYSE:PM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. During the same quarter in the prior year, the firm posted $1.50 EPS. Philip Morris International's quarterly revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast 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. Investors of record on Thursday, March 20th were issued a dividend of $1.35 per share. The ex-dividend date was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.17%. Philip Morris International's payout ratio is presently 111.34%.

Insider Activity at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This represents a 7.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jacek Olczak sold 40,000 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the completion of the sale, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. The trade was a 6.81% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 126,822 shares of company stock worth $18,906,185. Company insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Argus upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Friday, March 14th. StockNews.com upgraded Philip Morris International from a "hold" rating to a "buy" rating in a research note on Thursday, April 24th. UBS Group upgraded Philip Morris International from a "sell" rating to a "neutral" rating and upped their price target for the stock from $130.00 to $170.00 in a research note on Friday, April 25th. Barclays upped their price target on Philip Morris International from $175.00 to $205.00 and gave the stock an "overweight" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley reiterated an "overweight" rating and set a $182.00 target price (up from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $166.33.

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.