Point72 Asia Singapore Pte. Ltd. Reduces Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Point72 Asia Singapore Pte. Ltd. lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 59.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,198 shares of the company’s stock after selling 7,729 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Philip Morris International were worth $626,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PM. Miracle Mile Advisors LLC raised its holdings in Philip Morris International by 70.5% during the fourth quarter. Miracle Mile Advisors LLC now owns 4,140 shares of the company’s stock worth $498,000 after purchasing an additional 1,712 shares in the last quarter. Sovereign Financial Group Inc. boosted its position in shares of Philip Morris International by 3.6% during the 4th quarter. Sovereign Financial Group Inc. now owns 3,201 shares of the company’s stock worth $385,000 after purchasing an additional 111 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Philip Morris International by 10.3% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,075 shares of the company’s stock worth $129,000 after buying an additional 100 shares in the last quarter. Acropolis Investment Management LLC boosted its position in shares of Philip Morris International by 77.7% in the 4th quarter. Acropolis Investment Management LLC now owns 2,612 shares of the company’s stock worth $314,000 after buying an additional 1,142 shares in the last quarter. Finally, Rockingstone Advisors LLC lifted its holdings in Philip Morris International by 2.7% in the 4th quarter. Rockingstone Advisors LLC now owns 24,377 shares of the company’s stock valued at $2,934,000 after purchasing an additional 649 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Philip Morris International Trading Up 3.0%

PM opened at $168.93 on Friday. The stock has a market cap of $262.94 billion, a PE ratio of 37.46, a price-to-earnings-growth ratio of 2.65 and a beta of 0.50. The stock’s fifty day simple moving average is $159.99 and its 200 day simple moving average is $141.99. Philip Morris International Inc. has a 1-year low of $98.93 and a 1-year high of $176.49.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.08. The company had revenue of $9.30 billion for the quarter, compared to analysts’ expectations of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. Philip Morris International’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the business earned $1.50 earnings per share. Equities analysts forecast that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were paid a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Thursday, March 20th. Philip Morris International’s dividend payout ratio is currently 111.34%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PM shares. StockNews.com upgraded shares of Philip Morris International from a “hold” rating to a “buy” rating in a report on Thursday, April 24th. Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Morgan Stanley reissued an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Finally, Citigroup raised their target price on Philip Morris International from $163.00 to $180.00 and gave the company a “buy” rating in a research note on Wednesday, April 16th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $166.33.

Insiders Place Their Bets

In other Philip Morris International news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the transaction, the chief executive officer now owns 547,426 shares of the company’s stock, valued at approximately $81,495,308.62. The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Yann Guerin sold 2,500 shares of the company’s stock in a transaction 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 transaction, the senior vice president now directly owns 30,308 shares in the company, valued at $4,584,994.24. This represents a 7.62% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 126,822 shares of company stock worth $18,906,185. 0.13% of the stock is owned by corporate insiders.

Philip Morris International 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.