Intact Investment Management Inc. Sells 300 Shares of Philip Morris International Inc. (PM)

Intact Investment Management Inc. decreased its stake in Philip Morris International Inc. (NYSE:PM) by 2.6% during the fourth quarter, Holdings Channel reports. The fund owned 11,200 shares of the company’s stock after selling 300 shares during the period. Intact Investment Management Inc.’s holdings in Philip Morris International were worth $1,025,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PM. First Financial Bank N.A. Trust Division boosted its position in shares of Philip Morris International by 1.0% in the third quarter. First Financial Bank N.A. Trust Division now owns 16,649 shares of the company’s stock valued at $1,619,000 after buying an additional 162 shares during the last quarter. Naples Global Advisors LLC boosted its position in shares of Philip Morris International by 46.3% in the third quarter. Naples Global Advisors LLC now owns 15,945 shares of the company’s stock worth $1,550,000 after buying an additional 5,048 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Philip Morris International by 3.3% in the third quarter. Oregon Public Employees Retirement Fund now owns 388,811 shares of the company’s stock worth $37,800,000 after buying an additional 12,408 shares in the last quarter. Canal Capital Management LLC boosted its position in shares of Philip Morris International by 6.2% in the third quarter. Canal Capital Management LLC now owns 22,953 shares of the company’s stock worth $2,231,000 after buying an additional 1,343 shares in the last quarter. Finally, Hills Bank & Trust Co. boosted its position in shares of Philip Morris International by 8.9% in the third quarter. Hills Bank & Trust Co. now owns 3,823 shares of the company’s stock worth $371,000 after buying an additional 314 shares in the last quarter. 71.65% of the stock is currently owned by institutional investors and hedge funds.

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

Shares of Philip Morris International Inc. (NYSE:PM) opened at 111.79 on Friday. The firm has a market cap of $173.43 billion, a price-to-earnings ratio of 24.95 and a beta of 0.94. The firm has a 50 day moving average of $107.81 and a 200 day moving average of $97.59. Philip Morris International Inc. has a 52 week low of $86.78 and a 52 week high of $114.65.

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

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 11th. Stockholders of record on Thursday, March 23rd will be issued a dividend of $1.04 per share. The ex-dividend date of this dividend is Tuesday, March 21st. This represents a $4.16 annualized dividend and a dividend yield of 3.72%. Philip Morris International’s payout ratio is 92.86%.

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A number of equities analysts have issued reports on PM shares. Vetr cut shares of Philip Morris International from a “hold” rating to a “sell” rating and set a $97.64 target price on the stock. in a report on Monday, February 6th. Zacks Investment Research raised shares of Philip Morris International from a “sell” rating to a “hold” rating in a report on Wednesday, January 18th. Goldman Sachs Group Inc raised their target price on shares of Philip Morris International from $101.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, February 3rd. Citigroup Inc reissued a “buy” rating on shares of Philip Morris International in a report on Wednesday, February 8th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $110.00 target price on shares of Philip Morris International in a report on Wednesday, December 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $104.03.

In other 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 transaction of $3,592,750.00. Following the transaction, the chief executive officer now owns 787,671 shares in the company, valued at approximately $80,854,428.15. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.

Philip Morris International Company Profile

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.

5 Day Chart for NYSE:PM

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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