Crossmark Global Holdings Inc. Decreases Stake in Philip Morris International Inc. (NYSE:PM)

Crossmark Global Holdings Inc. lowered its position in Philip Morris International Inc. (NYSE:PMFree Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 14,946 shares of the company’s stock after selling 408 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Philip Morris International were worth $1,406,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC purchased a new position in Philip Morris International during the 3rd quarter valued at about $27,000. Tennessee Valley Asset Management Partners purchased a new position in Philip Morris International during the 4th quarter valued at about $33,000. Northwest Financial Advisors purchased a new position in Philip Morris International during the 4th quarter valued at about $33,000. Wetzel Investment Advisors Inc. purchased a new position in Philip Morris International during the 4th quarter valued at about $39,000. Finally, McClarren Financial Advisors Inc. grew its holdings in Philip Morris International by 158.0% during the 4th quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock valued at $43,000 after buying an additional 278 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Price Performance

Shares of NYSE PM opened at $103.61 on Friday. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90. The firm’s 50 day simple moving average is $96.64 and its two-hundred day simple moving average is $94.01. The stock has a market capitalization of $161.07 billion, a P/E ratio of 20.24, a PEG ratio of 2.13 and a beta of 0.57.

Philip Morris International (NYSE:PMGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The business had revenue of $8.79 billion for the quarter, compared to analysts’ expectations of $8.44 billion. During the same period last year, the business earned $1.38 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal year.

Philip Morris International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s payout ratio is currently 101.56%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Philip Morris International from $108.00 to $115.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Argus restated a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. Finally, Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price on the stock in a research note on Tuesday, February 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $105.50.

Get Our Latest Report on Philip Morris International

Insider Buying and Selling at Philip Morris International

In related news, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction on Friday, March 15th. The shares were sold at an average price of $93.63, for a total value of $772,447.50. Following the transaction, the insider now directly owns 94,629 shares of the company’s stock, valued at $8,860,113.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Wilde Frederic De sold 20,000 shares of Philip Morris International stock in a transaction on Thursday, April 25th. The shares were sold at an average price of $96.42, for a total value of $1,928,400.00. Following the transaction, 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 SEC, which can be accessed through this link. Also, insider Massimo Andolina sold 8,250 shares of Philip Morris International stock in a transaction on Friday, March 15th. The stock was sold at an average price of $93.63, for a total transaction of $772,447.50. Following the completion of the transaction, the insider now directly owns 94,629 shares in the company, valued at $8,860,113.27. The disclosure for this sale can be found here. Company insiders own 0.13% of the company’s stock.

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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