Mutual of America Capital Management LLC Cuts Stock Position in Philip Morris International Inc. (NYSE:PM)

Mutual of America Capital Management LLC reduced its position in Philip Morris International Inc. (NYSE:PMFree Report) by 0.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 231,073 shares of the company’s stock after selling 505 shares during the period. Mutual of America Capital Management LLC’s holdings in Philip Morris International were worth $21,393,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Davidson Investment Advisors lifted its position in shares of Philip Morris International by 1.4% in the third quarter. Davidson Investment Advisors now owns 165,988 shares of the company’s stock worth $15,367,000 after buying an additional 2,232 shares in the last quarter. Carson Advisory Inc. raised its position in Philip Morris International by 18.4% during the third quarter. Carson Advisory Inc. now owns 3,919 shares of the company’s stock valued at $363,000 after purchasing an additional 608 shares during the period. Canada Pension Plan Investment Board raised its position in Philip Morris International by 14.7% during the third quarter. Canada Pension Plan Investment Board now owns 3,447,007 shares of the company’s stock valued at $319,124,000 after purchasing an additional 442,000 shares during the period. Herold Advisors Inc. raised its position in Philip Morris International by 66.9% during the third quarter. Herold Advisors Inc. now owns 9,152 shares of the company’s stock valued at $847,000 after purchasing an additional 3,668 shares during the period. Finally, Financial Security Advisor Inc. purchased a new stake in Philip Morris International during the third quarter valued at approximately $1,863,000. 79.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Wilde Frederic De sold 10,000 shares of Philip Morris International stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $94.25, for a total transaction of $942,500.00. Following the sale, the insider now owns 198,447 shares of the company’s stock, valued at approximately $18,703,629.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.13% of the company’s stock.

Philip Morris International Stock Down 2.7 %

Shares of NYSE:PM traded down $2.43 during trading on Thursday, reaching $89.01. 9,236,009 shares of the company’s stock traded hands, compared to its average volume of 5,064,458. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $103.79. The firm has a market cap of $138.18 billion, a PE ratio of 17.76, a P/E/G ratio of 2.45 and a beta of 0.63. The company has a 50-day simple moving average of $93.32 and a 200-day simple moving average of $93.61.

Philip Morris International (NYSE:PMGet Free Report) last issued its earnings results on Thursday, February 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.44 by ($0.08). The company had revenue of $9.05 billion for the quarter, compared to analyst estimates of $8.99 billion. Philip Morris International had a negative return on equity of 129.48% and a net margin of 9.62%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. On average, equities research analysts forecast that Philip Morris International Inc. will post 6.08 EPS for the current year.

Philip Morris International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 21st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 5.84%. The ex-dividend date was Wednesday, December 20th. Philip Morris International’s payout ratio is presently 100.97%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PM shares. JPMorgan Chase & Co. increased their price target on Philip Morris International from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. UBS Group downgraded Philip Morris International from a “buy” rating to a “sell” rating and reduced their price target for the stock from $105.00 to $86.50 in a report on Tuesday, January 23rd. Redburn Atlantic initiated coverage on Philip Morris International in a research note on Thursday, November 16th. They issued a “neutral” rating and a $95.00 price objective on the stock. Finally, Jefferies Financial Group dropped their price objective on Philip Morris International from $111.00 to $105.00 and set a “buy” rating on the stock in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Philip Morris International has a consensus rating of “Moderate Buy” and an average target price of $107.39.

View Our Latest Stock Report on PM

Philip Morris International Profile

(Free Report)

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.

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

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