Alaska Permanent Fund Corp Sells 5,612 Shares of Philip Morris International Inc. (NYSE:PM)

Alaska Permanent Fund Corp reduced its stake in Philip Morris International Inc. (NYSE:PM) by 48.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,043 shares of the company’s stock after selling 5,612 shares during the period. Alaska Permanent Fund Corp’s holdings in Philip Morris International were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Capital Research Global Investors lifted its stake in Philip Morris International by 9.1% during the fourth quarter. Capital Research Global Investors now owns 58,416,175 shares of the company’s stock worth $5,495,794,000 after purchasing an additional 4,869,272 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Philip Morris International by 12.6% during the third quarter. Wellington Management Group LLP now owns 27,821,802 shares of the company’s stock worth $2,575,742,000 after buying an additional 3,121,732 shares in the last quarter. Lone Pine Capital LLC acquired a new position in shares of Philip Morris International during the fourth quarter worth $282,785,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Philip Morris International by 25.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 10,439,154 shares of the company’s stock worth $996,104,000 after buying an additional 2,123,311 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Philip Morris International by 216.1% during the fourth quarter. Point72 Asset Management L.P. now owns 1,691,337 shares of the company’s stock worth $159,121,000 after buying an additional 1,156,227 shares in the last quarter. 78.63% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Philip Morris International from $108.00 to $115.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Argus reiterated a “hold” rating on shares of Philip Morris International in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $104.22.

Philip Morris International Stock Up 0.0 %

NYSE PM opened at $99.92 on Friday. The company has a market capitalization of $155.33 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.08 and a beta of 0.57. Philip Morris International Inc. has a twelve month low of $87.23 and a twelve month high of $104.90. The stock has a fifty day simple moving average of $98.98 and a 200 day simple moving average of $94.58.

Philip Morris International (NYSE:PM) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.50 earnings per share for the quarter, beating 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 business had revenue of $8.79 billion during the quarter, compared to the consensus estimate of $8.44 billion. During the same period in the prior year, the business posted $1.38 earnings per share. Philip Morris International’s quarterly revenue was up 8.6% on a year-over-year basis. Research analysts expect 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 declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 21st will be issued a dividend of $1.30 per share. 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 5.20%. Philip Morris International’s payout ratio is currently 101.56%.

Insiders Place Their Bets

In other news, insider Wilde Frederic De sold 20,000 shares of the stock in a transaction dated Thursday, April 25th. The shares were sold at an average price of $96.42, for a total transaction of $1,928,400.00. Following the transaction, the insider now owns 178,447 shares of the company’s stock, valued at approximately $17,205,859.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% 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.