Bryn Mawr Capital Management LLC Has $3.47 Million Stock Holdings in Philip Morris International Inc. (NYSE:PM)

Bryn Mawr Capital Management LLC lessened its stake in shares of Philip Morris International Inc. (NYSE:PM) by 44.1% during the 4th quarter, HoldingsChannel reports. The firm owned 36,881 shares of the company’s stock after selling 29,073 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Philip Morris International were worth $3,470,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. McClarren Financial Advisors Inc. grew its stake in shares of Philip Morris International by 158.0% in the fourth quarter. McClarren Financial Advisors Inc. now owns 454 shares of the company’s stock worth $43,000 after acquiring an additional 278 shares during the last quarter. Syon Capital LLC grew its stake in shares of Philip Morris International by 41.9% in the fourth quarter. Syon Capital LLC now owns 9,407 shares of the company’s stock worth $885,000 after acquiring an additional 2,780 shares during the last quarter. Disciplined Equity Management Inc. grew its stake in shares of Philip Morris International by 4.0% in the fourth quarter. Disciplined Equity Management Inc. now owns 10,480 shares of the company’s stock worth $986,000 after acquiring an additional 400 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Philip Morris International by 5.1% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 34,122 shares of the company’s stock worth $3,210,000 after acquiring an additional 1,666 shares during the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in Philip Morris International by 5.4% in the fourth quarter. Atria Wealth Solutions Inc. now owns 74,364 shares of the company’s stock worth $7,028,000 after purchasing an additional 3,818 shares during the period. Institutional investors and hedge funds own 78.63% of the company’s stock.

Philip Morris International Trading Down 1.2 %

Shares of Philip Morris International stock traded down $1.12 during trading on Friday, reaching $94.97. The company’s stock had a trading volume of 5,390,948 shares, compared to its average volume of 5,771,704. The stock has a 50-day moving average price of $91.90 and a two-hundred day moving average price of $92.20. Philip Morris International Inc. has a one year low of $87.23 and a one year high of $100.79. The stock has a market capitalization of $147.64 billion, a P/E ratio of 18.55, a price-to-earnings-growth ratio of 2.09 and a beta of 0.61.

Philip Morris International (NYSE:PM) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.09. The business had revenue of $8.79 billion during the quarter, compared to analysts’ expectations of $8.44 billion. Philip Morris International had a negative return on equity of 113.26% and a net margin of 9.83%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.38 earnings per share. As a group, sell-side analysts anticipate that Philip Morris International Inc. will post 6.29 EPS for the current fiscal year.

Philip Morris International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 9th. Investors of record on Thursday, March 21st were given a $1.30 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $5.20 dividend on an annualized basis and a yield of 5.48%. Philip Morris International’s payout ratio is 101.56%.

Insider Buying and Selling

In related news, VP Reginaldo Dobrowolski sold 2,000 shares of Philip Morris International stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the completion of the sale, the vice president now directly owns 9,726 shares in the company, valued at $882,050.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Wilde Frederic De sold 20,000 shares of the business’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 completion of the transaction, the insider now directly owns 178,447 shares in the company, valued at approximately $17,205,859.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Reginaldo Dobrowolski sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $90.69, for a total value of $181,380.00. Following the transaction, the vice president now owns 9,726 shares of the company’s stock, valued at $882,050.94. The disclosure for this sale can be found here. Insiders sold a total of 35,250 shares of company stock worth $3,339,528 over the last three months. 0.13% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

PM has been the subject of several research reports. Societe Generale raised Philip Morris International from a “sell” rating to a “hold” rating and set a $87.50 target price for the company in a research report on Tuesday, February 13th. Argus reaffirmed a “hold” rating on shares of Philip Morris International in a research report on Tuesday, March 5th. UBS Group cut Philip Morris International from a “buy” rating to a “sell” rating and cut their price objective for the company from $105.00 to $86.50 in a report on Tuesday, January 23rd. Finally, Stifel Nicolaus lifted 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Philip Morris International currently has a consensus rating of “Hold” and a consensus target price of $105.50.

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.