Pointe Capital Management LLC Has $415,000 Stock Position in Philip Morris International Inc. (NYSE:PM)

Pointe Capital Management LLC lessened its stake in Philip Morris International Inc. (NYSE:PM) by 52.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,410 shares of the company’s stock after selling 4,857 shares during the quarter. Pointe Capital Management LLC’s holdings in Philip Morris International were worth $415,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Philip Morris International by 12.6% during the 3rd 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. Invesco Ltd. lifted its holdings in Philip Morris International by 33.5% in the third quarter. Invesco Ltd. now owns 17,147,790 shares of the company’s stock valued at $1,587,542,000 after buying an additional 4,304,089 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Philip Morris International by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,270,435 shares of the company’s stock valued at $1,197,730,000 after acquiring an additional 87,946 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Philip Morris International by 3.7% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 8,315,843 shares of the company’s stock worth $769,881,000 after acquiring an additional 299,005 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Philip Morris International by 0.3% during the 3rd quarter. Royal Bank of Canada now owns 6,806,099 shares of the company’s stock valued at $630,108,000 after acquiring an additional 20,092 shares during the last quarter. 78.63% of the stock is owned by institutional investors.

Insider Transactions at Philip Morris International

In other Philip Morris International news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total value of $181,380.00. Following the sale, the vice president now directly owns 9,726 shares in the company, valued at approximately $882,050.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Werner Barth sold 5,000 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $91.46, for a total transaction of $457,300.00. Following the transaction, the insider now directly owns 102,918 shares in the company, valued at $9,412,880.28. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $90.69, for a total transaction of $181,380.00. Following the completion of the sale, the vice president now owns 9,726 shares of the company’s stock, valued at approximately $882,050.94. The disclosure for this sale can be found here. Insiders sold 35,250 shares of company stock valued at $3,339,528 in the last ninety days. 0.13% of the stock is currently owned by corporate insiders.

Philip Morris International Stock Up 0.1 %

Shares of NYSE:PM traded up $0.09 during midday trading on Friday, reaching $97.40. 5,611,928 shares of the company were exchanged, compared to its average volume of 6,838,263. The firm has a market cap of $151.41 billion, a PE ratio of 19.02, a P/E/G ratio of 2.07 and a beta of 0.60. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $100.70. The stock has a fifty day simple moving average of $92.47 and a two-hundred day simple moving average of $92.31.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.09. The firm had revenue of $8.79 billion for the quarter, compared to the consensus estimate of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.38 EPS. As a group, analysts forecast that Philip Morris International Inc. will post 6.29 earnings per share for the current year.

Philip Morris International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 9th. Shareholders of record on Thursday, March 21st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date was Wednesday, March 20th. Philip Morris International’s dividend payout ratio (DPR) is currently 101.56%.

Analyst Upgrades and Downgrades

PM has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price objective on Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. UBS Group lowered Philip Morris International from a “buy” rating to a “sell” rating and decreased their target price for the stock from $105.00 to $86.50 in a research report on Tuesday, January 23rd. Societe Generale raised shares of Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 price objective on the stock in a research note on Tuesday, February 13th. Finally, Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research note on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Philip Morris International has an average rating of “Hold” and an average price target of $105.50.

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.