Bryn Mawr Capital Management LLC Lowers Holdings in Philip Morris International Inc. (NYSE:PM)

Bryn Mawr Capital Management LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 96.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,340 shares of the company’s stock after selling 32,646 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Philip Morris International were worth $161,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of PM. McAdam LLC bought a new stake in Philip Morris International in the 3rd quarter worth about $246,000. International Assets Investment Management LLC increased its holdings in Philip Morris International by 13,666.6% in the 3rd quarter. International Assets Investment Management LLC now owns 999,729 shares of the company’s stock worth $121,367,000 after buying an additional 992,467 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Philip Morris International by 18.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 19,831 shares of the company’s stock worth $2,407,000 after buying an additional 3,096 shares in the last quarter. Dakota Wealth Management increased its holdings in Philip Morris International by 10.2% in the 3rd quarter. Dakota Wealth Management now owns 23,282 shares of the company’s stock worth $2,827,000 after buying an additional 2,149 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC bought a new stake in Philip Morris International in the 3rd quarter worth about $220,000. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PM shares. JPMorgan Chase & Co. lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. Stifel Nicolaus lifted their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 7th. UBS Group boosted their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research note on Friday, February 7th. Barclays cut their price target on Philip Morris International from $155.00 to $145.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Finally, StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Philip Morris International has an average rating of “Moderate Buy” and a consensus price target of $141.22.

Insider Activity at Philip Morris International

In related news, SVP Yann Guerin sold 2,500 shares of the business’s 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 transaction, the senior vice president now directly owns 30,308 shares of the company’s stock, valued at approximately $4,584,994.24. The trade was a 7.62 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 547,426 shares in the company, valued at approximately $81,495,308.62. This represents a 6.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 128,143 shares of company stock worth $19,092,846. 0.13% of the stock is owned by company insiders.

Philip Morris International Trading Up 1.9 %

Shares of NYSE:PM opened at $154.39 on Friday. The stock has a 50 day moving average of $129.81 and a 200 day moving average of $126.45. The company has a market cap of $240.05 billion, a PE ratio of 34.23, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $154.64.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Equities research analysts predict that Philip Morris International Inc. will post 7.14 earnings per share for the current fiscal year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 13th. Investors of record on Thursday, December 26th were paid a dividend of $1.35 per share. The ex-dividend date was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.50%. Philip Morris International’s dividend payout ratio (DPR) is presently 119.73%.

Philip Morris International Company 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.