RS Crum Inc. Trims Stake in Philip Morris International Inc. (NYSE:PM)

RS Crum Inc. cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 5.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,498 shares of the company’s stock after selling 152 shares during the period. RS Crum Inc.’s holdings in Philip Morris International were worth $303,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Silvercrest Asset Management Group LLC lifted its stake in shares of Philip Morris International by 4.1% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 58,070 shares of the company’s stock valued at $5,320,000 after buying an additional 2,303 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Philip Morris International by 24.9% during the first quarter. B. Riley Wealth Advisors Inc. now owns 39,984 shares of the company’s stock valued at $3,753,000 after acquiring an additional 7,981 shares during the period. Tidal Investments LLC lifted its position in shares of Philip Morris International by 75.4% in the first quarter. Tidal Investments LLC now owns 94,003 shares of the company’s stock valued at $8,613,000 after acquiring an additional 40,401 shares in the last quarter. Hancock Whitney Corp boosted its stake in shares of Philip Morris International by 9.0% in the first quarter. Hancock Whitney Corp now owns 6,374 shares of the company’s stock worth $584,000 after acquiring an additional 525 shares during the period. Finally, XML Financial LLC boosted its stake in shares of Philip Morris International by 1.7% in the first quarter. XML Financial LLC now owns 14,528 shares of the company’s stock worth $1,331,000 after acquiring an additional 245 shares during the period. Institutional investors own 78.63% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Andre Calantzopoulos sold 101,918 shares of Philip Morris International stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $129.85, for a total transaction of $13,234,052.30. Following the completion of the sale, the chairman now directly owns 959,761 shares in the company, valued at approximately $124,624,965.85. This trade represents a 9.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Werner Barth sold 7,500 shares of the business’s stock in a transaction on Wednesday, October 23rd. The shares were sold at an average price of $129.98, for a total transaction of $974,850.00. Following the sale, the insider now directly owns 95,418 shares of the company’s stock, valued at $12,402,431.64. This represents a 7.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on PM shares. Bank of America boosted their price target on Philip Morris International from $125.00 to $139.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Barclays boosted their target price on shares of Philip Morris International from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $145.00 target price (up from $138.00) on shares of Philip Morris International in a research note on Wednesday, October 23rd. UBS Group boosted their price target on shares of Philip Morris International from $103.00 to $105.00 and gave the stock a “sell” rating in a research note on Wednesday, October 23rd. Finally, Citigroup raised their price objective on Philip Morris International from $118.50 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $131.50.

Philip Morris International Trading Up 1.2 %

Shares of NYSE PM opened at $132.28 on Wednesday. Philip Morris International Inc. has a 12-month low of $87.82 and a 12-month high of $134.15. The firm’s 50-day moving average price is $125.04 and its 200-day moving average price is $115.30. The stock has a market capitalization of $205.67 billion, a price-to-earnings ratio of 21.00, a P/E/G ratio of 2.29 and a beta of 0.54.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $1.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.09. The business had revenue of $9.91 billion for the quarter, compared to the consensus estimate of $9.68 billion. Philip Morris International had a negative return on equity of 117.94% and a net margin of 10.35%. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.67 earnings per share. On average, equities analysts predict that Philip Morris International Inc. will post 6.51 EPS for the current fiscal year.

Philip Morris International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 26th were given a $1.35 dividend. The ex-dividend date was Thursday, September 26th. This is an increase from Philip Morris International’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 4.08%. Philip Morris International’s dividend payout ratio (DPR) is currently 85.71%.

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.