Addison Capital Co Trims Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Addison Capital Co cut its holdings in shares of Philip Morris International Inc. (NYSE:PM) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,250 shares of the company’s stock after selling 529 shares during the period. Philip Morris International accounts for about 1.3% of Addison Capital Co’s holdings, making the stock its 24th biggest position. Addison Capital Co’s holdings in Philip Morris International were worth $3,280,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Range Financial Group LLC grew its stake in shares of Philip Morris International by 504.9% in the 4th quarter. Range Financial Group LLC now owns 22,915 shares of the company’s stock valued at $2,758,000 after purchasing an additional 19,127 shares during the last quarter. Park Avenue Securities LLC grew its position in Philip Morris International by 18.9% in the 4th quarter. Park Avenue Securities LLC now owns 100,826 shares of the company’s stock valued at $12,134,000 after buying an additional 16,035 shares during the last quarter. CWA Asset Management Group LLC increased its stake in Philip Morris International by 37.5% in the 4th quarter. CWA Asset Management Group LLC now owns 24,200 shares of the company’s stock valued at $2,912,000 after buying an additional 6,605 shares during the period. Swiss National Bank raised its position in Philip Morris International by 0.4% during the 3rd quarter. Swiss National Bank now owns 4,614,200 shares of the company’s stock worth $560,164,000 after buying an additional 17,700 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in Philip Morris International by 50.9% during the 4th quarter. Ritholtz Wealth Management now owns 53,884 shares of the company’s stock worth $6,485,000 after buying an additional 18,183 shares during the last quarter. 78.63% of the stock is owned by institutional investors and hedge funds.

Philip Morris International Trading Up 1.0 %

Shares of NYSE PM opened at $151.95 on Monday. The company’s 50-day moving average price is $139.10 and its 200 day moving average price is $130.19. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The stock has a market cap of $236.26 billion, a price-to-earnings ratio of 33.69, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.06. Philip Morris International had a net margin of 7.89% and a negative return on equity of 120.08%. As a group, research analysts expect that Philip Morris International Inc. will post 7.14 earnings per share for the current year.

Philip Morris International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Thursday, March 20th will be paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Thursday, March 20th. Philip Morris International’s payout ratio is currently 119.73%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on PM shares. Morgan Stanley started coverage on shares of Philip Morris International in a research note on Thursday, January 16th. They set an “overweight” rating and a $140.00 price target on the stock. Barclays increased their target price on Philip Morris International from $145.00 to $175.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Argus raised Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday. StockNews.com downgraded Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Philip Morris International from $145.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.56.

Insider Buying and Selling

In other news, insider Lars Dahlgren sold 3,679 shares of the firm’s stock in a transaction 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 sale, the insider now owns 26,828 shares in the company, valued at $4,103,610.88. This trade represents a 12.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Andre Calantzopoulos sold 40,643 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $149.06, for a total value of $6,058,245.58. Following the completion of the transaction, the chairman now owns 561,349 shares of the company’s stock, valued at $83,674,681.94. The trade was a 6.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is owned by corporate insiders.

About Philip Morris International

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.