Philip Morris International Inc. (PM) Stake Cut by USA Mutuals Advisors Inc.

USA Mutuals Advisors Inc. reduced its stake in Philip Morris International Inc. (NYSE:PM) by 14.9% during the fourth quarter, Holdings Channel reports. The fund owned 100,000 shares of the company’s stock after selling 17,500 shares during the period. Philip Morris International comprises approximately 5.4% of USA Mutuals Advisors Inc.’s investment portfolio, making the stock its 5th largest position. USA Mutuals Advisors Inc.’s holdings in Philip Morris International were worth $9,149,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Acropolis Investment Management LLC boosted its position in Philip Morris International by 0.5% in the third quarter. Acropolis Investment Management LLC now owns 1,059 shares of the company’s stock valued at $103,000 after buying an additional 5 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in Philip Morris International by 1.1% in the third quarter. Cornerstone Advisors Inc. now owns 1,155 shares of the company’s stock valued at $112,000 after buying an additional 13 shares during the last quarter. Liberty Capital Management Inc. purchased a new position in Philip Morris International during the third quarter valued at $116,000. Vantage Investment Advisors LLC boosted its position in Philip Morris International by 1.6% in the third quarter. Vantage Investment Advisors LLC now owns 1,225 shares of the company’s stock valued at $119,000 after buying an additional 19 shares during the last quarter. Finally, Trent Capital Management Inc. NC purchased a new position in Philip Morris International during the fourth quarter valued at $113,000. 71.65% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

Shares of Philip Morris International Inc. (NYSE:PM) opened at 112.97 on Tuesday. The stock has a market capitalization of $175.26 billion, a price-to-earnings ratio of 25.22 and a beta of 0.94. Philip Morris International Inc. has a 52-week low of $86.78 and a 52-week high of $114.46. The firm’s 50-day moving average is $105.46 and its 200 day moving average is $97.11.

Philip Morris International (NYSE:PM) last released its quarterly earnings data on Thursday, February 2nd. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by $0.02. The company earned $7 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Philip Morris International had a net margin of 9.30% and a negative return on equity of 64.94%. Philip Morris International’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the firm earned $0.81 earnings per share. Equities analysts expect that Philip Morris International Inc. will post $4.84 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 11th. Shareholders of record on Thursday, March 23rd will be given a $1.04 dividend. The ex-dividend date is Tuesday, March 21st. This represents a $4.16 annualized dividend and a yield of 3.65%. Philip Morris International’s dividend payout ratio (DPR) is 92.86%.

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Several research firms have recently weighed in on PM. Vetr cut shares of Philip Morris International from a “strong-buy” rating to a “buy” rating and set a $98.02 price target on the stock. in a report on Monday, January 2nd. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $104.00 price target on shares of Philip Morris International in a report on Friday, February 17th. Citigroup Inc reaffirmed a “buy” rating on shares of Philip Morris International in a report on Wednesday, February 8th. Finally, Bank of America Corp cut shares of Philip Morris International from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $102.00 to $96.00 in a report on Wednesday, January 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. Philip Morris International presently has an average rating of “Hold” and a consensus target price of $104.45.

In other Philip Morris International news, CEO Andre Calantzopoulos sold 35,000 shares of the business’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $102.65, for a total value of $3,592,750.00. Following the completion of the sale, the chief executive officer now directly owns 787,671 shares of the company’s stock, valued at approximately $80,854,428.15. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.25% of the stock is owned by insiders.

About Philip Morris International

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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Want to see what other hedge funds are holding PM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Philip Morris International Inc. (NYSE:PM).

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