Diversified Trust Co Sells 10,142 Shares of Philip Morris International Inc. (NYSE:PM)

Diversified Trust Co lowered its stake in shares of Philip Morris International Inc. (NYSE:PM) by 57.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,567 shares of the company’s stock after selling 10,142 shares during the period. Diversified Trust Co’s holdings in Philip Morris International were worth $693,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. PFG Investments LLC grew its stake in Philip Morris International by 1.9% in the fourth quarter. PFG Investments LLC now owns 5,951 shares of the company’s stock valued at $560,000 after purchasing an additional 109 shares during the last quarter. CGC Financial Services LLC grew its position in shares of Philip Morris International by 8.2% in the 4th quarter. CGC Financial Services LLC now owns 1,453 shares of the company’s stock worth $137,000 after buying an additional 110 shares during the last quarter. Raleigh Capital Management Inc. raised its stake in shares of Philip Morris International by 0.3% during the 3rd quarter. Raleigh Capital Management Inc. now owns 36,857 shares of the company’s stock worth $3,412,000 after acquiring an additional 112 shares in the last quarter. Bluesphere Advisors LLC lifted its position in Philip Morris International by 0.7% during the fourth quarter. Bluesphere Advisors LLC now owns 17,000 shares of the company’s stock valued at $1,599,000 after acquiring an additional 113 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. boosted its stake in Philip Morris International by 0.4% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 29,316 shares of the company’s stock valued at $2,758,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Insider Activity at Philip Morris International

In related news, insider Wilde Frederic De sold 20,000 shares of the firm’s stock in a transaction dated Thursday, April 25th. The stock was sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the sale, the insider now directly owns 178,447 shares of the company’s stock, valued at $17,205,859.74. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on PM. Stifel Nicolaus increased their price objective 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 reiterated 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 assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Stock Performance

Philip Morris International stock opened at $101.64 on Wednesday. The business’s 50-day simple moving average is $100.22 and its two-hundred day simple moving average is $94.99. The company has a market cap of $158.01 billion, a PE ratio of 19.85, a PEG ratio of 2.08 and a beta of 0.58. Philip Morris International Inc. has a fifty-two week low of $87.23 and a fifty-two week high of $104.90.

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

Philip Morris International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Investors of record on Friday, June 21st will be issued a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 annualized dividend and a dividend yield of 5.12%. Philip Morris International’s dividend payout ratio (DPR) is presently 101.56%.

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.