Mutual of America Capital Management LLC Sells 6,125 Shares of Philip Morris International Inc. (NYSE:PM)

Mutual of America Capital Management LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 208,102 shares of the company’s stock after selling 6,125 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Philip Morris International were worth $25,045,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. White Lighthouse Investment Management Inc. lifted its position in shares of Philip Morris International by 71.4% during the 3rd quarter. White Lighthouse Investment Management Inc. now owns 11,999 shares of the company’s stock worth $1,457,000 after buying an additional 4,999 shares in the last quarter. Range Financial Group LLC lifted its position in shares of Philip Morris International by 504.9% during the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock worth $2,758,000 after buying an additional 19,127 shares in the last quarter. Accredited Investors Inc. lifted its position in shares of Philip Morris International by 3,553.3% during the 3rd quarter. Accredited Investors Inc. now owns 206,959 shares of the company’s stock worth $25,125,000 after buying an additional 201,294 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Philip Morris International by 18.9% during the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock worth $12,134,000 after buying an additional 16,035 shares in the last quarter. Finally, CWA Asset Management Group LLC lifted its position in shares of Philip Morris International by 37.5% during the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock worth $2,912,000 after buying an additional 6,605 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Performance

Shares of NYSE:PM opened at $155.26 on Friday. Philip Morris International Inc. has a 52-week low of $87.82 and a 52-week high of $158.39. The firm has a fifty day moving average of $132.90 and a 200 day moving average of $127.74. The firm has a market capitalization of $241.41 billion, a PE ratio of 34.43, a price-to-earnings-growth ratio of 2.65 and a beta of 0.55.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. On average, sell-side analysts forecast that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 13th. Stockholders of record on Thursday, December 26th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.48%. Philip Morris International’s dividend payout ratio is currently 119.73%.

Insiders Place Their Bets

In other Philip Morris International news, SVP Yann Guerin sold 2,500 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $151.28, for a total value of $378,200.00. Following the completion of the sale, the senior vice president now 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 SEC, which is accessible through this hyperlink. Also, insider Werner Barth sold 10,000 shares of Philip Morris International stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.67, for a total transaction of $1,486,700.00. Following the transaction, the insider now owns 106,244 shares in the company, valued at $15,795,295.48. This represents a 8.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 128,143 shares of company stock worth $19,092,846 over the last three months. Company insiders own 0.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. UBS Group lifted their price target on shares of Philip Morris International from $105.00 to $120.00 and gave the stock a “sell” rating in a report on Friday, February 7th. StockNews.com cut shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Morgan Stanley assumed coverage on shares of Philip Morris International in a report on Thursday, January 16th. They issued an “overweight” rating and a $140.00 price target on the stock. Barclays lifted their price target on shares of Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.56.

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.