Philip Morris International Inc. (PM) Position Lowered by KCM Investment Advisors LLC

KCM Investment Advisors LLC cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 10.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,958 shares of the company’s stock after selling 2,541 shares during the period. KCM Investment Advisors LLC’s holdings in Philip Morris International were worth $2,214,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Doliver Capital Advisors LP boosted its position in Philip Morris International by 8.1% in the third quarter. Doliver Capital Advisors LP now owns 29,755 shares of the company’s stock worth $3,303,000 after purchasing an additional 2,242 shares during the last quarter. Swiss National Bank boosted its position in Philip Morris International by 1.0% in the third quarter. Swiss National Bank now owns 5,958,031 shares of the company’s stock worth $661,401,000 after purchasing an additional 58,900 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in Philip Morris International by 25.3% in the third quarter. Canada Pension Plan Investment Board now owns 4,202,010 shares of the company’s stock worth $466,465,000 after purchasing an additional 848,700 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its position in Philip Morris International by 0.9% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 100,072 shares of the company’s stock worth $10,573,000 after purchasing an additional 872 shares during the last quarter. Finally, Cedar Wealth Management LLC boosted its position in Philip Morris International by 17.9% in the third quarter. Cedar Wealth Management LLC now owns 471,240 shares of the company’s stock worth $52,312,000 after purchasing an additional 71,477 shares during the last quarter. 72.18% of the stock is currently owned by institutional investors.

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Several research analysts have issued reports on the company. Piper Jaffray reissued an “overweight” rating and issued a $137.00 target price (up from $130.00) on shares of Philip Morris International in a research report on Thursday, January 11th. Zacks Investment Research cut Philip Morris International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. TheStreet cut Philip Morris International from a “b-” rating to a “c+” rating in a research report on Tuesday, March 20th. Citigroup dropped their target price on Philip Morris International from $117.00 to $114.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 16th. Finally, Jefferies Group raised Philip Morris International from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research report on Friday, January 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $123.50.

In related news, insider Marc S. Firestone sold 13,650 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $104.63, for a total transaction of $1,428,199.50. Following the sale, the insider now owns 189,199 shares of the company’s stock, valued at approximately $19,795,891.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andre Calantzopoulos sold 49,000 shares of Philip Morris International stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $103.66, for a total value of $5,079,340.00. Following the sale, the chief executive officer now directly owns 792,765 shares in the company, valued at approximately $82,178,019.90. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

PM stock opened at $102.95 on Tuesday. Philip Morris International Inc. has a twelve month low of $95.51 and a twelve month high of $123.55. The company has a debt-to-equity ratio of -3.06, a quick ratio of 0.80 and a current ratio of 1.35. The stock has a market cap of $158,196.47, a PE ratio of 20.88, a P/E/G ratio of 1.90 and a beta of 0.86.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.04). Philip Morris International had a net margin of 7.73% and a negative return on equity of 71.99%. The company had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.17 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. equities analysts forecast that Philip Morris International Inc. will post 5.28 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 11th. Stockholders of record on Thursday, March 22nd were given a dividend of $1.07 per share. The ex-dividend date of this dividend was Wednesday, March 21st. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.16%. Philip Morris International’s payout ratio is currently 86.82%.

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Philip Morris International Profile

Philip Morris International Inc is a holding company. The Company is engaged in the manufacture and sale of cigarettes, other tobacco products and other nicotine-containing products in markets outside of the United States. Its segments include European Union (EU); Eastern Europe, Middle East & Africa (EEMA); Asia, and Latin America & Canada.

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Institutional Ownership by Quarter for Philip Morris International (NYSE:PM)

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