Philip Morris International Inc. (NYSE:PM) Stock Position Decreased by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 18.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,787 shares of the company’s stock after selling 11,355 shares during the quarter. Quantbot Technologies LP’s holdings in Philip Morris International were worth $4,561,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. GSA Capital Partners LLP lifted its stake in Philip Morris International by 2.0% in the third quarter. GSA Capital Partners LLP now owns 7,617 shares of the company’s stock valued at $705,000 after buying an additional 146 shares during the last quarter. Comerica Bank bought a new stake in Philip Morris International in the 3rd quarter valued at about $43,276,000. Quantum Financial Advisors LLC acquired a new position in Philip Morris International during the 3rd quarter valued at about $245,000. Fidelity D & D Bancorp Inc. bought a new position in Philip Morris International in the 3rd quarter worth about $566,000. Finally, Wellington Management Group LLP increased its stake in shares of Philip Morris International by 12.6% in the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock valued at $2,575,742,000 after purchasing an additional 3,121,732 shares during the period. 78.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by company insiders.

Philip Morris International Stock Performance

Shares of NYSE:PM traded up $0.95 during trading on Friday, reaching $105.95. The company had a trading volume of 3,519,186 shares, compared to its average volume of 5,379,059. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $106.63. The firm has a market capitalization of $164.71 billion, a PE ratio of 20.51, a price-to-earnings-growth ratio of 2.11 and a beta of 0.58. The firm’s fifty day moving average is $101.16 and its 200 day moving average is $95.45.

Philip Morris International (NYSE:PM) last released its earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Equities analysts predict that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 21st were issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend was Friday, June 21st. Philip Morris International’s payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus boosted their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.22.

About Philip Morris International

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.