Brandywine Global Investment Management LLC Has $113.31 Million Stock Position in Philip Morris International Inc. (NYSE:PM)

Brandywine Global Investment Management LLC cut its stake in shares of Philip Morris International Inc. (NYSE:PM) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 941,466 shares of the company’s stock after selling 72,800 shares during the period. Philip Morris International makes up approximately 0.8% of Brandywine Global Investment Management LLC’s investment portfolio, making the stock its 27th largest holding. Brandywine Global Investment Management LLC owned about 0.06% of Philip Morris International worth $113,305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meridian Wealth Partners LLC increased its position in shares of Philip Morris International by 4.1% in the fourth quarter. Meridian Wealth Partners LLC now owns 1,781 shares of the company’s stock valued at $214,000 after acquiring an additional 70 shares during the last quarter. NewSquare Capital LLC increased its position in Philip Morris International by 53.7% during the fourth quarter. NewSquare Capital LLC now owns 206 shares of the company’s stock worth $25,000 after acquiring an additional 72 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of Philip Morris International by 2.1% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,628 shares of the company’s stock worth $437,000 after purchasing an additional 73 shares in the last quarter. Balboa Wealth Partners raised its holdings in Philip Morris International by 2.0% in the 4th quarter. Balboa Wealth Partners now owns 3,712 shares of the company’s stock valued at $447,000 after acquiring an additional 74 shares in the last quarter. Finally, Centurion Wealth Management LLC grew its stake in Philip Morris International by 3.5% during the fourth quarter. Centurion Wealth Management LLC now owns 2,229 shares of the company’s stock worth $268,000 after buying an additional 75 shares in the last quarter. 78.63% of the stock is owned by institutional investors.

Philip Morris International Stock Up 0.1 %

Shares of Philip Morris International stock opened at $155.17 on Friday. Philip Morris International Inc. has a 52 week low of $87.82 and a 52 week high of $159.51. The stock’s 50-day simple moving average is $145.83 and its 200-day simple moving average is $132.14. The company has a market capitalization of $241.27 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.65 and a beta of 0.53.

Philip Morris International (NYSE:PM) last announced its earnings results on Thursday, February 6th. The company reported $1.55 earnings per share for the quarter, beating the consensus estimate 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%. On average, equities 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 given a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, March 20th. Philip Morris International’s payout ratio is currently 119.73%.

Wall Street Analyst Weigh In

PM has been the topic of a number of recent research reports. StockNews.com lowered shares of Philip Morris International from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Barclays boosted their target price on Philip Morris International from $145.00 to $175.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th. Stifel Nicolaus lifted their price objective on shares of Philip Morris International from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 7th. UBS Group increased their price target on Philip Morris International from $105.00 to $120.00 and gave the company a “sell” rating in a research report on Friday, February 7th. Finally, Argus upgraded Philip Morris International from a “hold” rating to a “buy” rating in a report on Friday, March 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $144.56.

Insider Buying and Selling at Philip Morris International

In related news, CEO Jacek Olczak sold 40,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $148.87, for a total value of $5,954,800.00. Following the sale, the chief executive officer now owns 547,426 shares in the company, valued at approximately $81,495,308.62. The trade was a 6.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Yann Guerin sold 2,500 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $151.28, for a total transaction of $378,200.00. Following the sale, the senior vice president now owns 30,308 shares in the company, valued at approximately $4,584,994.24. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 131,822 shares of company stock worth $19,655,585. 0.13% of the stock is currently owned by insiders.

Philip Morris International Company 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.