Public Employees Retirement Association of Colorado Sells 4,880 Shares of Philip Morris International Inc. (NYSE:PM)

Public Employees Retirement Association of Colorado lessened its position in Philip Morris International Inc. (NYSE:PM) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 210,693 shares of the company’s stock after selling 4,880 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Philip Morris International were worth $25,357,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PM. GQG Partners LLC boosted its holdings in Philip Morris International by 14.3% during the fourth quarter. GQG Partners LLC now owns 48,746,809 shares of the company’s stock worth $5,866,678,000 after purchasing an additional 6,092,558 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Philip Morris International in the fourth quarter valued at about $522,214,000. Kovitz Investment Group Partners LLC increased its position in Philip Morris International by 372.2% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 5,453,285 shares of the company’s stock worth $656,303,000 after acquiring an additional 4,298,530 shares during the period. Capital World Investors increased its position in Philip Morris International by 3.6% during the fourth quarter. Capital World Investors now owns 122,584,210 shares of the company’s stock worth $14,752,926,000 after acquiring an additional 4,216,586 shares during the period. Finally, Geode Capital Management LLC raised its position in Philip Morris International by 9.9% during the fourth quarter. Geode Capital Management LLC now owns 35,286,582 shares of the company’s stock valued at $4,241,837,000 after purchasing an additional 3,185,258 shares in the last quarter. Institutional investors own 78.63% of the company’s stock.

Philip Morris International Stock Up 0.1 %

NYSE:PM opened at $170.19 on Monday. The stock has a market cap of $264.90 billion, a P/E ratio of 37.74, a PEG ratio of 2.65 and a beta of 0.46. The business’s 50-day moving average price is $155.51 and its two-hundred day moving average price is $137.82. Philip Morris International Inc. has a twelve month low of $94.42 and a twelve month high of $171.73.

Philip Morris International (NYSE:PM) last announced its quarterly earnings data on Wednesday, April 23rd. The company reported $1.69 EPS for the quarter, beating the consensus estimate of $1.61 by $0.08. The firm had revenue of $9.30 billion for the quarter, compared to analyst estimates of $9.10 billion. Philip Morris International had a negative return on equity of 120.08% and a net margin of 7.89%. During the same period in the prior year, the company earned $1.50 EPS. On average, equities research analysts expect that Philip Morris International Inc. will post 7.14 EPS for the current fiscal year.

Philip Morris International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, March 20th were given a dividend of $1.35 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $5.40 annualized dividend and a yield of 3.17%. Philip Morris International’s payout ratio is 111.34%.

Insider Buying and Selling

In related news, insider Lars Dahlgren sold 3,679 shares of the company’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $152.96, for a total transaction of $562,739.84. Following the completion of the transaction, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This represents a 12.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Reginaldo Dobrowolski sold 5,000 shares of Philip Morris International stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $149.88, for a total transaction of $749,400.00. Following the completion of the sale, the vice president now owns 20,799 shares in the company, valued at approximately $3,117,354.12. This trade represents a 19.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,822 shares of company stock worth $19,655,585 in the last ninety days. 0.13% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Citigroup upped their price target on shares of Philip Morris International from $163.00 to $180.00 and gave the stock a “buy” rating in a report on Wednesday, April 16th. StockNews.com raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Thursday. Morgan Stanley reaffirmed an “overweight” rating and set a $182.00 price target (up previously from $156.00) on shares of Philip Morris International in a research report on Thursday. JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the company an “overweight” rating in a research report on Tuesday, February 18th. Finally, Argus raised shares of Philip Morris International from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

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.