Woodmont Investment Counsel LLC Trims Stock Position in Philip Morris International Inc. (NYSE:PM)

Woodmont Investment Counsel LLC lowered its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 9.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,416 shares of the company’s stock after selling 569 shares during the quarter. Woodmont Investment Counsel LLC’s holdings in Philip Morris International were worth $496,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital Research Global Investors increased its holdings 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 acquiring an additional 4,869,272 shares in the last quarter. Wellington Management Group LLP grew its holdings 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 buying an additional 3,121,732 shares in the last quarter. Lone Pine Capital LLC purchased a new stake in Philip Morris International during the 4th quarter valued at approximately $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Philip Morris International by 25.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock valued at $996,104,000 after buying an additional 2,123,311 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in Philip Morris International by 216.1% during the 4th quarter. Point72 Asset Management L.P. now owns 1,691,337 shares of the company’s stock valued at $159,121,000 after buying an additional 1,156,227 shares in the last quarter. Hedge funds and other institutional investors own 78.63% of the company’s stock.

Wall Street Analysts Forecast Growth

PM has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of 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 report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Philip Morris International presently has a consensus rating of “Hold” and a consensus price target of $104.22.

Philip Morris International Stock Up 0.4 %

Shares of PM opened at $101.64 on Wednesday. The company has a market cap of $158.01 billion, a PE ratio of 19.85, a P/E/G ratio of 2.08 and a beta of 0.58. The business has a fifty day moving average of $100.22 and a 200 day moving average of $94.99. Philip Morris International Inc. has a 52-week low of $87.23 and a 52-week high of $104.90.

Philip Morris International (NYSE:PM) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period last year, the company earned $1.38 earnings per share. Philip Morris International’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Philip Morris International Inc. will post 6.32 earnings per share 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. Shareholders of record on Friday, June 21st will be paid a $1.30 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $5.20 dividend on an annualized basis and a yield of 5.12%. Philip Morris International’s payout ratio is 101.56%.

Insiders Place Their Bets

In other Philip Morris International news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction 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 sale, the insider now owns 178,447 shares in the company, valued at $17,205,859.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

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.