Occidental Asset Management LLC Has $214,000 Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Occidental Asset Management LLC lowered its position in shares of Philip Morris International Inc. (NYSE:PM) by 5.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,333 shares of the company’s stock after selling 128 shares during the quarter. Occidental Asset Management LLC’s holdings in Philip Morris International were worth $214,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital Research Global Investors increased its position in shares of Philip Morris International by 9.1% in the fourth 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 period. Wellington Management Group LLP increased its position in shares of Philip Morris International by 12.6% in the third 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 period. Lone Pine Capital LLC bought a new position in shares of Philip Morris International in the fourth quarter worth $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Philip Morris International by 25.5% in the fourth 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 period. Finally, Point72 Asset Management L.P. increased its position in shares of Philip Morris International by 216.1% in the fourth quarter. Point72 Asset Management L.P. now owns 1,691,337 shares of the company’s stock worth $159,121,000 after purchasing an additional 1,156,227 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling at Philip Morris International

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The stock was 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 is available through this link. Insiders own 0.13% of the company’s stock.

Philip Morris International Price Performance

Philip Morris International stock opened at $101.33 on Friday. The stock’s 50 day moving average is $100.08 and its 200 day moving average is $94.94. The firm has a market cap of $157.52 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.08 and a beta of 0.57. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $104.90.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.09. The company had revenue of $8.79 billion for the quarter, compared to analyst estimates of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 8.58%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.38 earnings per share. Equities analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share for the current fiscal 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 paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Friday, June 21st. Philip Morris International’s dividend payout ratio is currently 101.56%.

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.