West Coast Financial LLC Sells 275 Shares of Philip Morris International Inc. (NYSE:PM)

West Coast Financial LLC lowered its position in Philip Morris International Inc. (NYSE:PM) by 7.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,655 shares of the company’s stock after selling 275 shares during the period. West Coast Financial LLC’s holdings in Philip Morris International were worth $335,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PM. Capital Research Global Investors raised its position in Philip Morris International by 9.1% in the 4th quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after purchasing an additional 4,869,272 shares during the last quarter. Wellington Management Group LLP raised its position in Philip Morris International by 12.6% in the 3rd quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after purchasing an additional 3,121,732 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Philip Morris International by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,396,354 shares of the company’s stock worth $1,226,746,000 after purchasing an additional 125,919 shares during the last quarter. Northern Trust Corp raised its position in Philip Morris International by 0.6% in the 4th quarter. Northern Trust Corp now owns 13,126,737 shares of the company’s stock worth $1,234,963,000 after purchasing an additional 77,820 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Philip Morris International by 25.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after purchasing an additional 2,123,311 shares during the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.2 %

Shares of PM stock opened at $102.05 on Wednesday. Philip Morris International Inc. has a 12-month low of $87.23 and a 12-month high of $104.90. The firm has a market capitalization of $158.64 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 2.09 and a beta of 0.57. The firm has a fifty day moving average of $99.49 and a 200-day moving average of $94.77.

Philip Morris International (NYSE:PM) last announced 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. Philip Morris International had a net margin of 8.58% and a negative return on equity of 113.26%. The company had revenue of $8.79 billion during the quarter, compared to analyst estimates of $8.44 billion. During the same quarter in the previous year, the business earned $1.38 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Research analysts expect that Philip Morris International Inc. will post 6.32 earnings per share for the current year.

Philip Morris International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be given a $1.30 dividend. The ex-dividend date is Friday, June 21st. This represents a $5.20 annualized dividend and a yield of 5.10%. Philip Morris International’s dividend payout ratio is currently 101.56%.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the business’s 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 sale, the insider now directly owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on PM. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. Stifel Nicolaus lifted their target price on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $104.22.

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.